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Grupo Modelo SAB de CV Proceeds with Negotiations with Department of Justice on Litigation Challenging Anheuser Busch Inbev SA Proposed Acquisition of Remaining Stake in Grupo Modelo SAB de CV


Friday, 15 Mar 2013 04:16pm EDT 

Grupo Modelo SAB de CV announced that it has proceeded with negotiations, together with Constellation Brands Inc and Crown Imports LLC, with the United States Department of Justice on the resolution of litigation initiated by the latter with relation to the proposed acquisition by Anheuser Busch Inbev SA a stake in Grupo Modelo, based on the terms of the new agreement that was announced on February 14, 2013. The aforementioned companies and the Department of Justice jointly requested the Court to extend the term of the suspension of the proceedings, which expired on March 19, 2013, until April 9, 2013. This extension would allow the parties to complete the negotiation. 

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