WASHINGTON – The U.S. Justice Department has filed a lawsuit seeking to stop Anheuser-Busch InBev SA from buying the half of Mexican brewer Grupo Modelo that it does not already own, saying the US$20.1-billion deal would lessen competition in the U.S. beer market.
Trading in Constellation Brands, which would have become sole owner of the company that distributes Modelo’s Corona beer in the United States if the transaction had been approved, was halted after it dropped 23.8%.