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.
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