Budweiser brewer moves to fend off takeover

Budweiser brewer Anheuser-Busch is planning a defence as speculation grows over a takeover approach from rival and Stella Artois firm InBev, according to reports today.

US group Anheuser-Busch is said to be considering snapping up the 50% stake in Mexican Brewer Grupo Modelo, which makes Corona, that it does not already own in the hope that it will make the whole group too expensive for InBev to buy.