DOJ, AB InBev Closer To Ending Suit Over $20B Modelo Buy

Law360, New York (March 20, 2013, 1:23 PM EDT) -- A Washington federal judge on Wednesday granted an extended stay of the U.S. Department of Justice’s suit seeking to block Anheuser-Busch InBev NV’s proposed $20.1 billion takeover of Grupo Modelo SAB de CV after the parties said they were close to a settlement.

U.S. District Judge Richard W. Roberts extended the stay until April 9. The judge said if a deal was reached pursuant to the Antitrust Procedures and Penalties Act, the parties should also submit a statement that illustrates how the settlement would eliminate the...
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