AB InBev, Modelo Tank Drinkers’ Bid To Block $20B Merger

Law360, Los Angeles (June 5, 2013, 10:24 PM EDT) -- A group of consumers who brought an antitrust suit claiming beer giant Anheuser-Busch InBev’s $20.1 billion acquisition of top-selling importer Grupo Modelo would stifle competition and drive up beer prices lost a last-ditch bid to block the deal Wednesday.

U.S. District Judge Maxine Chesney on Wednesday denied a motion filed by the plaintiffs in an antitrust suit against AB InBev and Modelo seeking a temporary restraining order to prevent the deal from closing. The plaintiffs — a group of nine beer drinkers from California and Missouri...
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