Legal News

Temporary Stay Filed in Antitrust Suit Against Anheuser-Busch
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

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.

  
What
Where


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.

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.

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!!




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





 

RELEVANT JOBS

Paralegal / Legal Assistant

USA-NY-Staten Island

STATEN ISLAND PLAINTIFFS PERSONAL INJURY LAW FIRM IS SEEKING A FULL TIME/PART TIME PARALEGAL/LE...

Apply now

Attorney

USA-WA-Walla Walla

When the COVID crisis hit our state, we continued serving clients in our community. We are...

Apply now

Associate Attorney

USA-FL-Orlando

A/V Rated Downtown Orlando Law firm of Fisher Rushmer, P.A. is seeking an associate with 2 - 6 years...

Apply now

Legal Extern / Litigation Law Clerk

USA-VA-Alexandria

Old Towne Associates, P.C. (Alexandria, VA) Legal Extern Openings - Class of 2021 and 2022 ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mergers and Acquisitions Associate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search top ranked law firm seeks Mergers and Acquisitions Associa...

Apply Now

Senior Wealth Management Group Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Wealth Management Group Associate Attorney with 9 years ...

Apply Now

Bankruptcy Associate Attorney

USA-CA-Los Angeles

Los Angeles office of a BCG Attorney Search top ranked law firm seeks Bankruptcy Associate Attorney ...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top