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APR 05, 2013 - Yahoo! News

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AB InBev, Justice Department are near an agreement in beer deal

By Diane Bartz WASHINGTON (Reuters) - Anheuser-Busch InBev and the U.S. Justice Department have reached an agreement for a framework to settle their long-running beer brawl, and asked a court to extend a stay in the court fight until April 23, the two sides said in a court filing on Friday. The Justice Department filed a lawsuit on January 31 aimed at stopping AB InBev, the world's largest brewer with some 200 brands, from buying the 50 percent of Grupo Modelo it does not already own for $20.1 billion, saying the deal could mean higher U.S. beer prices. That battle may soon be over. ...

Tags: AB InBev, Justice Department are near an agreement in beer deal,  Grupo Modelo Latest News