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US Justice Department files competition suit against beer takeover

1 Feb 2013 12:00 AM | Anonymous

The deal by Anheuser-Busch Inbev (ABI) to buy Mexican based brewery company Grupo Modelo, has been faced with a competition suit from the US Justice Department.

Bill Baer, assistant US Attorney General said: “The department is taking this action to stop a merger between major beer brewers because it would result in less competition and higher beer prices for American consumers."

ABI already owns half of Grupo Modelo and have entered into a multi-million purchase to complete a full takeover however the suit now throws the deal into question.

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