February 1, 2013 / 2:45 PM / in 5 years

Constellation attacks DOJ reasoning in move to block Modelo deal

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.”

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