Beer Companies, DOJ to Resolve Merger Suit - Articles

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Posted by: Brittany Sims on Feb 21, 2013

The Department of Justice is in talks with Anheuser- Busch InBev and Grupo Modelo about resolving a legal challenge to their $20.1 billion deal, WRCP News Channel 3 reports. In January, the DOJ filed suit to block the merger due to market monopolization. The beer makers recently revised the terms of the acquisition to give more control of Modelo’s U.S. beer brands to a wine company in a side deal. Both parties are asking the court for a stay of all litigation proceeding until March 19 while the government weighs whether the revised terms of the deal resolve its concerns about market competition.