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Showing posts with the label DealBook Alert (January 31

DealBook Alert (January 31, 2013).: Justice Sues to Block Anheuser’s Deal for Modelo

DEALBOOK ALERT Thursday, January 31, 2013 11:00 AM EST Justice Sues to Block Anheuser’s Deal for Modelo The Justice Department on Thursday sued to block Anheuser-Busch InBev‘s proposed $20.1 billion deal to buy control of Grupo Modelo of Mexico, arguing that the merger would significantly reduce competition in the American beer market. Announced last summer, the deal would add Corona Extra to its formidable stable of brands, including Budweiser and Stella Artois. But the Justice Department said in its lawsuit, filed in federal district court in Washington, that allowing the merger to proceed would reduce competition within the beer industry across the country as a whole and in 26 metr