Justice Department Sues to Block A-B InBev’s Modelo Purchase

Citing antitrust concerns, the U.S. Department of Justice said Thursday morning that it will sue to block Anheuser-Busch InBev’s $20.1 billion purchase of Mexican brewer Grupo Modelo.

The deal would “substantially lessen competition in the market for beer in the United States,” the Justice Department said in a news release, by adding the nation’s most popular import brand — Corona Extra — to A-B InBev’s already huge market share.

Read more in the St. Louis Post-Dispatch

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