Neither company has said anything since then. Analysts also aren't sure if Grupo Modelo wants to buy back its stake from Anheuser-Busch, allow the new company to simply assume Anheuser-Busch's role or try to extract more money from InBev. "The disconnect in the Modelo discourse is baffling," said the Credit Suisse investment banking firm in a mid-July analysis. If Grupo Modelo choses independence, several international beverage giants would probably make bids. When Grupo Modelo makes up its mind, it will produce "enormous ripple effects" in the U.S. and Mexico, Steinman says. Another potential player in Mexico is American Beverage Co., the anglicized name of InBev's Brazilian component. The 2004 merger of the Brazilian company, nicknamed AmBev, and Belgium's Interbrew created InBev.