Agreement is reached in proposed beer-company merger

04/22/2013 | Blog of Legal Times, The

The Justice Department has agreed to allow Anheuser-Busch InBev to acquire Grupo Modelo provided that Modelo's U.S. business is divested. Anheuser-Busch will sell Modelo's U.S. business to Constellation Brands. The Justice Department sued at the end of January to block the merger, which it said could hinder consumer choice and raise U.S. prices for beer.

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