Dive Summary:
- After the Department of Justice intervened last month in the Anheuser-Busch InBev/Grupo Modelo deal, the two companies have announced they may be close to a deal with the agency.
- AB Inbev has requested an extension until April 23, so the two companies can finalize all aspects of the deal.
- Even if everything goes through on the U.S. side however, the deal is also subject to Mexican regulators.
From the article:
A deal with the government will remove a big hurdle for AB InBev, which is seeking to purchase the remaining stake in Grupo Modelo, the maker of Corona. The revised agreement would still be subject to approval by Mexican regulators.
Earlier this year, the Justice Department moved to block the deal, contending it would decrease competition and result in steeper beer prices. ...
