The makers of Budweiser and Corona resolved antitrust concerns over their planned merger by divesting certain subsidiaries, federal officials told the court Friday.
The United States had sued Anheuser-Busch InBev and Grupo Modelo in January to block their planned merger and preserve competition in the nation's $80 billion annual beer market.
InBev, of Belgium, bought St. Louis-based Anheuser-Busch for $52 billion in 2008. Anheuser-Busch InBev makes Busch, Budweiser, Michelob and other brands. Grupo Modelo's Corona meanwhile is best-selling imported beer in the United States. Together, they control 46 percent of the U.S. beer market.
Source: Courthouse News. Read full article. (link)