Justice Files to Halt Anheuser-Busch Modelo Deal

Acquisition would substantially lessen competition and raise prices

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Budweiser may be the king of beers, but the U.S. Department of Justice is looking to confine the kingdom. The DOJ filed a civil antitrust lawsuit today to halt Anheuser-Busch InBev's $20.1 billion deal to buy the remaining shares of Grupo Modelo, the makers of Corona.

Combining the largest and third largest beer makers would "substantially lessen competition," said the DOJ, which filed the suit in the U.S. District Court for the District of Columbia.

Together the two firms would control about 46 percent of the beer sales in the U.S.

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