Teh One Who Knocks
01-31-2013, 04:50 PM
Matt Krantz, USA TODAY
http://i.imgur.com/JQmycby.jpg
The U.S. Justice Department is trying to keep Budweiser and Corona apart.
Justice is challenging the proposed $20.1 billion buyout of Mexico's Grupo Modelo, brewer of Corona beer, by Anheuser-Busch InBev, brewer of Budweiser.
The government says the deal would put too many top beer brands in the hands of a single company, limiting competition. The concern is especially high for 26 U.S. cities.
Budweiser and Corona are among the most dominant beer brands in the country. Bud Light is the best-selling U.S. brew, while Corona Extra is the No. 1 selling import.
A lawsuit filed by the Justice Department in federal court in Washington, D.C., seeks to block the merger, and maintain the competition between the two mega beer brands.
Lacking that competition, Anheuser-Busch would be able to boost beer prices, says Bill Baer, assistant attorney general for the department's antitrust division.
http://i.imgur.com/JQmycby.jpg
The U.S. Justice Department is trying to keep Budweiser and Corona apart.
Justice is challenging the proposed $20.1 billion buyout of Mexico's Grupo Modelo, brewer of Corona beer, by Anheuser-Busch InBev, brewer of Budweiser.
The government says the deal would put too many top beer brands in the hands of a single company, limiting competition. The concern is especially high for 26 U.S. cities.
Budweiser and Corona are among the most dominant beer brands in the country. Bud Light is the best-selling U.S. brew, while Corona Extra is the No. 1 selling import.
A lawsuit filed by the Justice Department in federal court in Washington, D.C., seeks to block the merger, and maintain the competition between the two mega beer brands.
Lacking that competition, Anheuser-Busch would be able to boost beer prices, says Bill Baer, assistant attorney general for the department's antitrust division.