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Grupo Modelo SAB de CV, the Mexican brewer of Corona beer, will seek board support for a possible joint bid with Denver-based Molson Coors Brewing Co. for Foster’s Group Ltd. of Australia at a Monday meeting in Mexico City. Such a proposal would need the backing of Anheuser-Busch InBev NV, which has nine seats on Modelo’s 19-person board and holds a 50 percent noncontrolling stake. An offer would have to be at least $9 billion, or more than Foster’s current market value, said people who declined to be identified because the talks are private.
