Promote Your Attorney Profile on Law.net - Get Found / Earn More!
Apple CEO is Proud to be Gay
Apple CEO is Proud to be Gay
Communist Party of China Looking for Better Legal System
Communist Party of China Looking for Better Legal System
Silicon Valley Company Busted for Wage Theft
Silicon Valley Company Busted for Wage Theft
‘Patent Trolls’ Losing Their Fight with Big Tech Companies
‘Patent Trolls’ Losing Their Fight with Big Tech Companies
Legal Job Listings

Temporary Stay Filed in Antitrust Suit Against Anheuser-Busch

On Wednesday, Anheuser-Busch InBev and the Justice Department announced that the two parties were discussing plans to resolve antitrust concerns regarding the planned deal of the beer maker with Grupo Modelo, according to The New York Times.

A temporary stay of an antitrust suit filed by the Justice Department was filed by both parties as they discuss possible options. The beer maker offered to buy part of Grupo Modelo, the part it does not already own, for $20.1 billion.

A lawsuit was filed on January 31 to block the deal on the grounds of antitrust. The government claims that the original merger proposal will increase the beer maker’s control of the American beer market. This would let it raise prices while also reducing choices for local consumers.

Get JD Journal in Your Mail
Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Anheuser-Busch is the largest beer maker in the country while Grupo Modelo is third on the list. Anheuser originally said that the lawsuit filed by the government was based on faulty assumptions.

Last week, the beer maker said that it would sell the rights to Corona and other brands from Grupo Modelo in the United States to Constellation Brands for $2.9 billion. Anheuser would also sell a brewery near the border of Mexico that is owned by Grupo Modelo. Also to be sold are the licensing rights to the brands of Grupo Model in the United States.

The Justice Department released a statement on Wednesday that said a delay was requested by all parties involved until March 19.

Temporary Stay Filed in Antitrust Suit Against Anheuser-Busch by

Tagged: , ,

Posted by on February 21, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

 

 

Job of the Day
Health Supervising Attorney
USA-CA-Pacoima

Be a part of history; join the NLSLA Health Consumer Center (HCC) to lead a team of over 20 advocates that provide a wide-range of health focused advocacy in multiple forums including hotline consumer...

Related Posts: