Cravath represented Grupo Modelo, S.A.B. de C.V., as U.S. corporate and antitrust counsel in connection with its US$20.1 billion acquisition by Anheuser‑Busch InBev. On June 29, 2012, the companies announced that they had entered into an agreement under which Anheuser‑Busch InBev would acquire the remaining stake in Grupo Modelo that it did not already own for US$9.15 per share in cash. On June 4, 2013, the companies announced that Anheuser‑Busch InBev successfully completed the combination.
The Cravath team included partner David Mercado and associates Benjamin C. Hewitt, Stephanie R. Gallina and Jose L. Lopez on corporate matters; partners Christine A. Varney and Yonatan Even and associate Margaret T. Segall on antitrust matters; partner Michael L. Schler and associate Christopher K. Fargo on tax matters; and partner Jennifer S. Conway and practice area attorney Michael Krasnovsky on executive compensation and benefits matters.