A PYMNTS Company

US/Mexico: AB InBev wants private case thrown out

By  |  June 4, 2013

Beverage conglomerate AB InBev, which recently acquired Grupo Modelo SAB in a highly controversial deal, is seeking the dismissal of a private case against the company concerning the acquisition. The case claims the deal will lead to higher beer prices for nine types of beer. Both AB InBev and Constellation Brands Inc, which plaintiffs say would come under control of AB InBev with the finalization of the deal, have slammed the private suit and requested it to be tossed by a judge. Consumers who filed the case against the company have requested the buyout to be postponed by federal officials. Constellation Brands will take over the joint distribution business, a venture which Modelo currently holds the stake in, as concession for the approval of the deal.

    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

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

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