Thursday, January 31, 2013

Beer Merger Blocked Mid Sip

The U.S. government has stepped in and officially blocked a deal that would have brought Anheuser-Busch InBev with the Mexican beer company, Grupo Modelo. Supposedly, the government blocked this mega-deal in the best interest of American consumers. Anheuser already owns half of Grupo Modelo, but the government feared that complete ownership would be "a significant competitive threat." The head of the US Justice Department's antitrust division, Bill Baer, commented on Anheuser's domination in the beer market and how they have repeatedly increased prices of the years.

Link: http://www.cnn.com/2013/01/31/us/justice-beer/index.html?hpt=hp_t2

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