Anheuser's $108B Merger Drained Competition, 9th Circ. Told

Law360 (May 15, 2018, 9:08 PM EDT) -- A group of beer drinkers urged the Ninth Circuit during Tuesday arguments to revive their antitrust suit seeking to unwind Anheuser-Busch InBev’s $108 billion merger with SABMiller, arguing that although the deal didn’t increase Anheuser-Busch’s market share, it harmed consumers by cutting the number of major brewers in America from three to two.

During oral arguments in Portland, Oregon, Joseph Alioto of Alioto Law Firm, representing 23 beer-drinking plaintiffs, urged a three-judge panel to reverse U.S. District Judge Ann Aiken’s ruling dismissing his clients’ suit challenging the megadeal, which closed in October 2016.

Alioto argued that by having SABMiller sell its...

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