A revision to the proposed $20.1 billion merger of
Anheuser-Busch InBev and Grupo Modelo purchase may stay federal
antitrust proceedings until March 19.
This January, the Justice Department filed an antitrust complaint against Budweiser producer Anheuser-Busch InBev as it planned to acquire Grupo Modelo, maker of the country's best-selling imported beer, Corona.
The federal complaint, filed in the District of Columbia, sought to block the merger and preserve the competition for the nation's $80 billion annual beer market.
"Because of the size of the beer market in the U.S., even a small increase in the price of beer could result in billions of dollars of harm to American consumers," the Justice Department said in a statement.
Source: Courthouse News Service. Read full article. (link)