Anheuser-Busch / InBev Modelo Suit Talks Leading To Agreement

From Bloomberg:

Anheuser-Busch InBev NV (ABI) and U.S. Justice Department negotiations are heading toward an accord that will give the brewer antitrust approval to buy Grupo Modelo SAB, three people familiar with the matter said.

The discussions center on AB InBev’s revised proposal to sell control of all Modelo brands in the U.S., and a brewery in Mexico, to Constellation Brands Inc. (STZ) to resolve a U.S. lawsuit seeking to block the deal, said the people, who asked not to be named because the talks are confidential…

The revised proposal, submitted on Feb. 14, is aimed at appeasing U.S. authorities who sued to block the transaction, arguing it would hurt competition and lead to higher prices. AB InBev, the maker of Budweiser and Stella Artois, controls 39 percent of the U.S. beer market while Modelo brands account for 7 percent.
.

About MyBeer Buzz

Founder, owner, author, graphic designer, CEO, CFO, webmaster, president, mechanic and janitor for mybeerbuzz.com. Producer and Co-host of the WILK Friday BeerBuzz live weekly craft beer radio show. Small craft-brewer of the craft beer news sites and one-man-band with way too many instruments to play........Copyright 2007-2024 mybeerbuzz.com All Rights Reserved: Use of this content on ANY site without written permission is not allowed.