A PYMNTS Company

US: $20B fight for Corona beer continues

 |  March 15, 2013

The long drawn-out attempt for AB InBev to acquire Grupo Modelo, a deal that resulted in the Department of Justice filing a suit to block the merger, could be extended even further. According to reports, Anheuser-Busch InBev and Constellation Brands, the latter of which is looking to sell its remaining 50 percent stake in Grupo Modelo for more than $20 billion, have requested with the DOJ another extension of the case. The parties are reportedly seeking more time to settle. March 19 was the deadline set when the parties agreed to request a delay of all proceedings; since, Constellation and AB InBev have reported “substantial progress” in settling with the DOJ but have requested a new deadline of April 9 to finalize negotiations.

    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: Fox Business

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