US challenges Anheuser-Busch's purchase of Grupo Modelo
WASHINGTON Jan 31 (Reuters) - The U.S. Justice Department has filed a lawsuit seeking to stop Anheuser-Busch Inbev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own.
The department said that the $20.1 billion deal would lessen competition in the U.S. beer market.
"If ABI fully owned and controlled Modelo, ABI would be able to increase beer prices to American consumers. This lawsuit seeks to prevent ABI from eliminating Modelo as an important competitive force in the beer industry," Bill Baer, assistant attorney general in charge of the Department of Justice's Antitrust Division, said in an emailed statement.
- Cortege departs to take Mandela's body to lie in state |
- U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- Uruguay becomes first country to legalize marijuana trade
- UPDATE 2-U.S. Mega Millions lottery up to $400 million, 2nd-biggest ever
- U.S. budget deal could usher in new era of cooperation