AB InBev revises Modelo beer deal

Anheuser-Busch InBev, the world’s largest brewer, has revised the terms of its US$20.1 billion takeover of Mexico’s Grupo Modelo in hopes of ending US Department of Justice concerns that the deal would mean higher prices for US beer drinkers.

Shares of the three companies involved in the deal closed higher.

The US antitrust agency filed a lawsuit last month to block the deal between the makers of Budweiser and Corona on grounds that it removed an independent competitor and opened the door to higher prices.

via Business feed http://www.scmp.com/business/companies/article/1150818/ab-inbev-revises-modelo-beer-deal