Modelo To Remain “Proudly Mexican”

"The goal of Grupo Modelo is to continue being a company that is proudly Mexican and that produces beers of the highest quality in Mexico for markets around the world," says Grupo Modelo in a statement translated by Bloomberg. Whoops. That puts a damper on the notion that A-B is in preliminary talks with Modelo to merge or otherwise do a deal. Many analysts are saying that Modelo would rather buy back its shares from A-B, rather than the other