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Anheuser-Busch InBev has reached a settlement with the Department of Justice over the beer maker's $20.1 billion deal to buy the remaining shares of Grupo Modelo, makers of Corona.
The DOJ filed suit against the deal in January because the combination of the largest and third largest beer makers would "substantially lessen competition" and result in consumers having to pay more for beer.
To satisfy the government, ABI must must divest Modelo's entire U.S. business, including licenses of Modelo brand beers, its most advanced brewery, Piedras Negras, its interest in Crown Imports LLC and other assets to Constellation Brands, Inc.
"The companies' proposed merger would have reduced those two competitors to one – ABI.
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