DOJ Sues To Block $20B AB InBev-Modelo Merger

Law360, New York (January 31, 2013, 12:53 PM EST) -- The U.S. Department of Justice sued Thursday to block Anheuser-Busch InBev NV's $20.1 billion bid for fellow brewer Grupo Modelo SAB de CV, warning that the deal could leave consumers paying more for beer by hindering competition in an already concentrated market.

The transaction would leave two of the country's most popular beers, Bud Light and best-selling import Corona Extra, in the hands of the U.S.-Belgian brewing giant. Given the $80 billion Americans spent on beer last year, even if the merger only prompted a small...
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