AB InBev Buys Remaining Modelo Stake for $20.1 Billion

Belgian beer company Anheuser-Busch InBev confirmed it is acquiring the remaining stake in Mexican brewer Grupo Modelo for $9.15 a share in a deal worth $20.1 billion.

US antitrust authorities sued Thursday to block the $20.1 billion takeover of Mexican brewer Grupo Modelo by Belgian-US giant Anheuser-Busch InBev, saying the combined firm would have too much power over the US beer market.

ByRichard Tarjeft:The stock of Anheuser Busch InBev SA (BUD), which is the world's largest brewer, appears poised to gain in coming weeks from the completion of a major acquisition that could place the popular beer maker in an even more dominant position in several emerging markets.

(SoCalMetro)

(ash™)

It’s Monday afternoon, so what better way to commemorate the joy of being back to work than with a WCIA battle between two companies intent on ruining your good times.

Anheuser-Busch InBev and Mexican brewing giant Grupo Modelo were all set to merge and form Voltron one of the biggest beer companies on Earth, until the U.S. Justice Department stepped in.

Though Anheuser-Busch InBev may have failed in its Worst Company In America battle against Electronic Arts, the beer behemoth is getting much closer to owning even more big-name beer brands, saying it has reached an agreement in principle with the Dept. of Justice that would allow it to acquire the rest of Mexico’s Grupo Modelo.