Thursday, January 14, 2010

FEMSA Cerveza - Heinken Merger Agreement Does Not Include Opt-out Clause, CEO Says

Jose Antonio Fernandez, the CEO of Fomento Economico Mexicano S.A. (BMV:FEMSAB) told Mexican press sources that after "meticulously" discussing every detail involved in the sale of the company's beer business, FEMSA Cerveza, Mexico's second largest beer company, to European beer conglomerate Heineken N.V. (AMS:HEIA), executives at the two companies chose not to include traditional "opt out" or merger dissolution clauses.

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