US: Judge throws out bid to block Anheuser-Busch InBev, Modelo deal
The deal completed yesterday
A US district judge has dismissed a last-minute legal bid by a group of consumers to block Anheuser-Busch InBev's acquisition of Grupo Modelo, according to reports.
The nine consumers had filed a request for a temporary restraining order over the US$20.1bn deal off the back of a previously filed anti-trust lawsuit. But during a hearing in San Francisco yesterday, US district judge Maxine Chesney said it would be “difficult and awkward at this point to set aside the transaction”, Bloomberg reported.
“The plaintiff would have to show that it is not a legitimate transaction, that it’s a sham,” the judge was quoted as saying. “I do not find that the plaintiff has made that showing by this time.”
The deal, which completed yesterday, had been the subject of a separate anti-trust lawsuit, filed by the US Department of Justice. However, A-B InBev agreed a number of concessions to satisfy regulators' concerns.
Anheuser-Busch InBev Germany’s strategic direction is mainly in line with the international parent company and the company does not have a lot of room for self-governance. Partial autonomy is granted,...
Anheuser-Busch InBev (A-B InBev) is facing challenges in the mature US beer category by focusing on premium and craft beer. As the US Justice Department precluded A-B InBev from controlling the lucrat...
AB InBev France SAS is strongly positioned in speciality, abbey-style dark beer in France and it is expected to maintain its stronghold in this category through innovation, continuing to launch new sp...
The NAFTA Beer industry profile provides top-line qualitative and quantitative summary information including: market share, retail market size (value and volume 2007-11, and forecast to 2016). The pro...
- Comment - Diageo Spins the Guinness Wheel... Again
- Diageo's Labels Give Industry Something to Digest
- Who should Stock Spirits Acquire?
- just the Answer: Funkin's CEO, Andrew King
- Comment - 'Craft' and the Danger of 'Romance Copy'
- Diageo lines up UK innovations push
- Craft is an 'abused' term - Pernod Ricard exec
- Pernod Ricard queries nutritional label use
- Diageo's Guinness Golden Ale
- Edrington names European Travel Retail head