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    Categories: Legal News

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.

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.

Jim Vassallo: Jim is a freelance writer based out of the suburbs of Philadelphia in New Jersey. Jim earned his Bachelor of Arts degree in Communications and minor in Journalism from Rowan University in 2008. While in school he was the Assistant Sports Director at WGLS for two years and the Sports Director for one year. He also covered the football, baseball, softball and both basketball teams for the school newspaper 'The Whit.' Jim lives in New Jersey with his wife Nicole, son Tony and dog Phoebe.

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