News Item: Justice Department sues to block A-B Inbev purchase of Modelo
(Category: Beer News)
Posted by Andy
Friday 01 February 2013 - 05:49:08
Calling it a "bad deal for consumers," the Justice Department sued Thursday to block Anheuser-Busch InBev's proposed $20 billion purchase of Mexican brewer Grupo Modelo.
The suit in federal court in Washington will certainly stall, and may kill, a deal that would have given the big brewer an even bigger chunk of the $80 billion U.S. beer market and the rights to sell Corona Extra - one of the most popular import beers in the world - to consumers all over the planet.
[Submitted by Jay Theriot]
This news item is from The Beer In Me
( http://www.thebeerinme.com/news.php?extend.732 )
Render time: 0.1850 sec, 0.0209 of that for queries. DB queries: 16. Memory Usage: 1,803kB