Something went wrong with the connection!

FDBusiness.com

Agreement Reached on AB InBev’s Acquisition of Remaining Stake in Grupo Modelo

 Breaking News

Agreement Reached on AB InBev’s Acquisition of Remaining Stake in Grupo Modelo

April 02
14:18 2013
Spread the love

 Constellation Brands, Inc., Anheuser-Busch InBev, Grupo Modelo, S.A.B. de C.V., and Crown Imports LLC have reached an agreement in principle with the U.S. Department of Justice on a proposed resolution to the Department of Justice’s litigation challenging AB InBev’s proposed acquisition of the remaining stake in Grupo Modelo that it does not already own.

The proposed resolution is substantially in line with the revised transaction announced on February 14, 2013.

In connection with this agreement, the parties and the Department of Justice have jointly approached the Court and requested an extension of the stay of the proceedings until April 23, 2013. This stay will allow the parties to finalize the details of a proposed consent judgment and the related definitive agreements and papers required for settlement. The parties stated in their filing with the Court that they expect for this to be their final request to extend the stay. Approval of the transaction, and the timing of such action, remain subject to the finalization of the relevant documentation with the DOJ and other parties, and approval by the Court.

The revised transaction with AB InBev remains subject to regulatory approval in Mexico.


Warning: count(): Parameter must be an array or an object that implements Countable in /home/fdbusiness/public_html/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

    Subscribe Here



    Advertisements