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DOJ files anti-trust suit to block Anheuser-Busch InBev acquisition of Mexican Modelo

US antitrust authorities sued Thursday to block the $20.1 billion takeover of Mexican brewer Grupo Modelo by Belgian-US giant Anheuser-Busch InBev, saying the combined firm would have too much power over the US beer market. The move put on hold the takeover announced last June that would give the combined…

Foundation says Justice Department should investigate beer monopolies

The New America Foundation is calling on Congress to push the Justice Department on the question of whether major beer producers like Anheuser-Busch InBev are violating antitrust law, reported the National Monitor. Anheuser-Busch InBev, which bought Anheuser-Busch in 2008, is currently seeking federal approval to buy the Mexico-based Grupo Modelo.…