Anheuser-Busch InBev BUD, Grupo Modelo, S.A.B. de C.V., Constellation
Brands, Inc. STZ and Crown Imports LLC have made substantial
progress in their discussions with the U.S. Department of Justice toward
resolution of the Department of Justice's litigation relating to AB InBev's
proposed acquisition of the remaining stake in Grupo Modelo it does not
already own, based on the terms of the revised transaction announced on 14
February 2013.
Today the companies and the Department of Justice jointly approached the Court
to request an extension of the stay on their current litigation, currently due
to expire on March 19, 2013, to April 9, 2013. The parties agree that an
extension of the current stay will likely enable the parties to complete their
discussions. If the parties reach an agreement, they will file a proposed
consent judgment and related documentation with the Court. There can be no
assurance that the ongoing discussions will be successful.
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