Market Overview

AB InBev Issues Statement, Says Co., US Discussing Potential Resolution of Suit

Share:
Related BUD
7 Brands Banking On 'House Of Cards' And Netflix This Weekend
Anheuser Busch Posts Rise In Q4 Profit
February Income Totals And Portfolio Update (Seeking Alpha)
Related STZ
Morgan Stanley Picks Top Consumer Staples
A Look At Dan Loeb's Diversified 13F

Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD), Grupo Modelo, S.A.B. de C.V., Constellation Brands, Inc. (NYSE: STZ) and Crown Imports LLC are engaged in discussions with the U.S. Department of Justice seeking to resolve 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. In connection with such discussions, the parties and the Department of Justice have agreed to jointly approach the court to request a stay of all litigation proceedings until March 19, 2013.  There can be no assurance that the discussions will be successful.

The filing today also reiterates AB InBev's and Modelo's position that the revised transaction resolves the concerns raised in the DOJ's complaint.

Transaction Website: www.globalbeerleader.com

The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

Posted-In: News Legal

 

Related Articles (STZ + BUD)

Around the Web, We're Loving...

Get Benzinga's Newsletters

Our Experts vs. S&P 500Powered by Benzinga
Marketfy Products Return S&P 500
Morning Profit Maker 42.72% 6.69%
The Option Prophet 91.14% 6.69%
SecretCaps 26.55% 6.69%
Short-Term Trend Trading 11.89% 6.69%
View the highest rated products→