InBev, DOJ Get More Time To Settle $20B Modelo Merger Fight

Law360, New York (April 9, 2013, 2:00 PM EDT) -- A Washington federal judge on Tuesday gave regulators and Anheuser-Busch InBev NV more time to work out a reported settlement resolving antitrust concerns over the beer giant's $20.1 billion acquisition of Grupo Modelo SAB de CV.

On Friday, the two companies and Constellation Brands Inc. — a third-party that will buy spun-off Modelo assets in the deal — reported a settlement with the U.S. Department of Justice, but asked U.S. District Judge Richard W. Roberts to extend a stay on the case to allow them to...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.