Stake in Mexican brewery boughtAnheuser-Busch Cos. Inc...

BUSINESS DIGEST

June 17, 1993

Stake in Mexican brewery bought

Anheuser-Busch Cos. Inc. said yesterday that it has $l purchased a 17.7 percent stake in Mexico's Grupo Modelo S.A. de C.V., bringing together the brewers of Budweiser and Corona.

The deal -- an equity stake worth about $477 million -- followed an agreement in principle between the two companies in March. It also gave Anheuser-Busch an option to increase its investment in Modelo to about 35 percent.

Food Lion co-founder to sell shares

The co-founder of the Food Lion supermarket chain, based in Salisbury, N.C., has filed papers saying he plans to sell an additional 1.04 million shares of the company's stock.

The move further distances Ralph Ketner from the supermarket chain he co-founded more than 25 years ago.Mr. Ketner, 72, has sold off a large chunk of his stock, reducing the amount of shares he owns by 40 percent.

Allied Signal gets NSA contract

Allied Signal Communications Systems in Towson has been awarded an $11.8 million contract to produce nearly 17,000 data transfer devices for the National Security Agency at Fort Meade.

The units, which resemble a laptop computer, serve as an electronic key used by the sender and receiver of cryptographic equipment to unscramble voice and data communications. The contract has an option for an additional $52.3 million to produce another 101,115 units.

AAI wins $2.2 million in legal fight

AAI Corp. in Cockeysville was awarded $2.2 million by U.S. District Court in Baltimore in a lawsuit against CAE-Link Corp. of Binghamton, N.Y.

The 1990 suit stemmed from subcontract work that AAI performed on the construction of simulators to train B-52 bomber crew members. AAI charged that it was not paid for additional work.

Cable law delay hurts consumers

Consumers are losing more than $250 million because federal regulators delayed enforcement of a law covering TV cable rates, a consumer advocate said yesterday.

Gene Kimmelman, of the Consumer Federation of America, estimated the amount could be more than $300 million if the expected savings on equipment and other parts of service are included.

Miles fires 2 executives

Miles Inc. said it fired two executives who violated company policy in communications with rival Dial Corp., prompting a federal investigation of possible price-fixing in the scouring pad market.

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