Feds seek to halt merger of Anheuser-Busch InBev, Modelo

01/31/2013 | Advertising Age (tiered subscription model)

The U.S. Department of Justice has filed a lawsuit that seeks to stop Anheuser-Busch InBev from buying Mexican brewer Grupo Modelo, maker of Corona, claiming that it would create a monopoly that would drive up the cost of beer. Modelo is "an important competitive force in the beer industry" -- one that should not be eliminated, said Bill Baer, head of the Department of Justice's Antitrust Division. Anheuser-Busch InBev responded by calling the suit "inconsistent with the law, the facts and the reality of the market place," but the company acknowledged that it won't be able to close the deal this quarter as planned.

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