A PYMNTS Company

U.S.: Is the nation headed for a beer monopoly?

By  |  November 13, 2012

The American Antitrust Institute has vocalized its opposition to the proposed acquisition of Mexico’s Grupo Modelo, makers of Corona, by Anheuser-Busch InBev, makers of Budweiser, claiming the deal puts the U.S. one step closer to having a beer monopoly. The AAI released a white paper asking the Department of Justice to stop the deal, citing “empirical evidence” over the last few years that a monopoly may emerge in the beer market. The deal has been proposed for $20.1 billion. Independent breweries have similarly voiced their opposition to the deal, arguing the merger would give InBev more power to control who has access – and who doesn’t – to distributors.

Full Content: Corporate Crimes Reporter

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