The most likely white knights are Brown-Forman (owner of Jack Daniels whiskey) and Constellation Brands (Hardy wine, Corona beer).

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That's one reason David Riedel of Riedel Research is recommending shares of Mexico's Grupo Modelo, brewer of Corona beer and distributor of Anheuser-Busch, Tsingtao and Carlsberg in Mexico.

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Should I have bought both Miller Lite and Corona for a better beer selection?

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Corona is now the number one selling import beer in 38 countries around the world.

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Now, we're always in favor of a cold beer, there being none better than Corona on ice (with a lime wedge).

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Once a relatively unknown brand, Corona, with the help of surfers who became fans of the beer during trips to Mexico, gained a steady following of fans in the U.S. and around the globe.

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Tipple on any number of Mexican beers -- Pacifico, Tecate, Bohemia (dark or light), Indio or Corona -- but while in Guadalajara try its locally-brewed beer, Minerva, which produces a pale ale and a stout in addition to the more common lagers.

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Using an obscure formula called the Herfindahl-Hirschman (sounds like a craft beer) Index, the government fears that both Budweiser and Corona would be able to raise their prices in lockstep after a merger, thereby harming consumers.

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Schmuan was among 100 or so major league and minor league executives at the Winter Meetings in Nashville listening to a talk from beer industry veteran Matt Borgard, director of venue sales for Crown Imports, the importer of Corona.

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