Friday, October 12, 2012

STL Today: Is A-B InBev's Modelo merger on the rocks?

AP Photo/Amy Sancetta

Dark clouds are starting to gather over Anheuser-Busch InBev's bid to buy Mexican brewer Grupo Modelo.
Antitrust regulators from the Justice Department in recent weeks have been quizzing beer distributors and craft brewers about the competitive implications of the $20 billion deal, which would give beer behemoth A-B InBev ownership of the nation's most popular import label: Corona. They've started to hear from U.S. senators concerned about the deal, too.

Then on Tuesday, a Washington, D.C., antitrust trade publication reported that the Justice Department was putting some of its top lawyers on the case, and appeared “unlikely” to let the deal go through as currently structured.

None of the principals involved would discuss the situation. A DOJ spokeswoman declined comment. A-B InBev said only that they still expect the deal to close in early 2013. But industry-watchers ...

Full Article:
Is A-B InBev's Modelo merger on the rocks? : Stltoday

No comments:

Post a Comment