UK Clears $20B AB InBev-Modelo Deal Amid Antitrust Worries

Law360, New York (November 14, 2012, 5:14 PM EST) -- Anheuser-Busch InBev NV's plan to acquire full ownership of Grupo Modelo SAB de CV received U.K. antitrust clearance Wednesday, a day after the American Antitrust Institute warned U.S. regulators the $20.1 billion deal would likely harm competition in the U.S. beer market.

In a brief notice on its website, the U.K. Office of Fair Trading said it had cleared the proposed deal, under which AB InBev would acquire the approximately 50 percent stake in Modelo that it did not already own. The transaction, expected to close...
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