Tagged: Drinking

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11:03am

Tue April 23, 2013
The Two-Way

Court Approves Anheuser-Busch InBev Deal To Buy Grupo Modelo

Originally published on Tue April 23, 2013 12:10 pm

A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer company to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico and other beers.

The deal, which requires AB InBev to sell all of Modelo's U.S. business, clears the way for the $20.1 billion acquisition of the remaining portion of Modelo that AB InBev did not yet own. Terms of the deal were announced Friday.

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Mon April 22, 2013

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