Court Approves Anheuser-Busch Deal to Buy Modelo Bill Chappell - NPR.org
go to original April 23, 2013

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.

Previously, the Justice Department's antitrust division had rejected a proposal from AB InBev that it sell Crown, an importer/distributer of Modelo's beers in the U.S., to Constellation Brands, which jointly owns the venture with Modelo. Those terms would have given Constellation the U.S. license to sell the beers — which it would have to continue buying from AB InBev.

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