The U.S. Justice Department filed a lawsuit Thursday to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of the maker of Corona.
- Filed Under
- Business
The Justice Department on Thursday filed a lawsuit to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona.
The government said the deal could lead to higher beer prices in the U.S. because it would substantially reduce competition in the domestic beer market, particularly in 26 metropolitan areas. It said the merged firm would control nearly half the beer sales in the U.S.
In response, Anheuser-Busch InBev promised a court fight to preserve its deal. ...
