January 31st, 2013
11:22 AM ET

Justice Department calls time on Anheuser-Busch beer company bid

The Department of Justice has filed a civil antitrust lawsuit against Anheuser-Busch InBev over its proposed acquisition of Modelo, makers of Corona.

"The Department is taking this action to stop a merger between major beer brewers because it would result in less competition and higher beer prices for American consumers," Bill Baer, assistant attorney general in charge of the Department of Justice's Antitrust Division, said in a news release.

"This lawsuit seeks to prevent ABI from eliminating Modelo as an important competitive force in the beer industry," the release said.

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