The US moved yesterday to block Anheuser-Busch InBev’s $20bn acquisition of Grupo Modelo, the Mexican brewer, arguing that the deal would lead to price increases, harm consumers and deter competition.
The US Department of Justice lawsuit is the latest antitrust challenge from Barack Obama’s administration, and throws into jeopardy one of the biggest cross border deals of 2012.
Shares in AB InBev fell 6 per cent to $87.92 in midday trading, while Modelo shares dropped 7.5 per cent to $8.40.
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