Steve C, Team Marina
Bud, Corona don't mix, Justice says - -
Bud, Corona don't mix, Justice says -
"The U.S. government moved to block the proposed merger of beer giant Anheuser-Busch InBev with Mexico's Grupo Modelo on Thursday, with a Justice Department official calling it "a bad deal for American consumers." ABI already owns about half of Modelo, which brews the popular Corona brand. The Justice Department's antitrust lawsuit accuses ABI of trying to eliminate "a significant competitive threat" from Modelo's Corona brands by purchasing the rest of the Mexican company for a proposed $20.1 billion. That deal would boost ABI's share of the U.S. beer market grow from about 39% to 46%, the lawsuit states. Add that to the 29% already controlled by No. 2 brewer MillerCoors, and two companies would split about three-quarters of the $80 billion field, said Bill Baer, the head of the Justice Department's antitrust division" - Steve C, Team Marina from Bookmarklet