Constellation attacks DOJ reasoning in move to block Modelo deal

Fri Feb 1, 2013 9:43am EST

Feb 1 (Reuters) - Constellation Brands Inc on Friday attacked the U.S. government's reasoning in suing to block Anheuser-Busch InBev's proposed $20.1 billion takeover of Mexican brewer Grupo Modelo.

Constellation, which would become the sole U.S. distributor of Modelo beers like Corona and Negra Modelo through a related $1.85 billion transaction, said Thursday's action by the Department of Justice "demonstrates its incomplete understanding of the proposed transaction."


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.