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>> GRUPO MODELO Latest News

APR 22, 2013 - TheStreet

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Anheuser-Busch Gets U.S. Approval to Buy Modelo

NEW YORK (TheDeal) -- The Department of Justice Friday reached a settlement with Anheuser-Busch InBev SA/NV and Grupo Modelo SAB de CV allowing the companies to go through with their proposed $20.1 billion merger. The agreement settles a DOJ lawsuit brought against the merger January 31. The agreement requires the companies to divest Mexico City-based Modelo's entire U.S. business -- including licenses of Modelo brand beers, its most advanced brewery, Piedras Negras, its interest in Crown Imports LLC and other assets -- to Constellation Brands Inc., in order to go forward with their ... Read More

Tags: Anheuser-Busch Gets U.S. Approval to Buy Modelo,  Grupo Modelo Latest News