A PYMNTS Company

US/Mexico: Bad news for angry beer consumers

By  |  June 5, 2013

A US district judge has sided with the world’s largest beer brewing company in refusing to block its acquisition of a Mexico-based rival. According to reports, US District Judge Maxine Chesney has denied a request filed by a group of nine consumers who sued beer giant Anheuser-Busch InBev NV for its buyout of Grupo Modelo SAB to block to the deal. The plaintiffs sued to have the acquisition stopped over concerns it would lead to higher beer prices; AB InBev owns the Budweiser brand and has already agreed to divest Modelo’s ownership of their joint distribution venture; Constellation Brands Inc. will buy up the divesture for $1.85 billion. According to Judge Chesney, blocking the deal would be “difficult and awkward” considering how far along it has come.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Businessweek

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.