A PYMNTS Company

US: AB InBev beer battle with DOJ finally reaches end

By  |  April 22, 2013
US: AB InBev beer battle with DOJ finally reaches end

The US Department of Justice has reportedly reached an agreement with Belgium-based Anheuser-Busch InBev NV after suing the beer giant for its acquisition of Grupo Modelo SAB. According to two sources, a consent decree was filed Friday with a federal judge in earn approval of the agreement, which had an April 23 deadline. Reports say the agreement is based on earlier revisions AB InBev made to the deal last February, as the company decided to divest Modelo’s control of its brands within the US. Additionally, the company would sell one of Modelo’s breweries in Mexico to rival Constellation Brands Inc. The DOJ had originally sued to block the deal earlier this year.

    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: Bloomberg

    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.