A PYMNTS Company

US: Update in mega beer merger: Postponed until April

By  |  March 20, 2013

A one-page order by a US district judge has granted yet another postponement to Anheuser-Busch InBev NV and the Department of Justice of the government’s lawsuit against AB InBev’s attempted acquisition of Grupo Modelo SAB. US District Judge Richard Roberts ordered that the case be suspended through April 9. Settlement talks are also reportedly continuing as the case drags on, and will update the judge on its status on the April deadline. The parties requested a postponement of the case as they revealed “substantial progress” of their settlement talks. The DOJ is seeking to maintain Modelo branding as a sufficient competitor in the US market; reports say AB InBev may settle to sell control of the Modelo brand in the US and divest a Modelo brewery in Mexico, where the company is based. The initial proposal is estimated to be worth more than $20 billion.

    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.

     

    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

    Full Content: Bloomberg

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