Skip to main content

Anheuser Busch gets more time to rework Grupo Modelo deal

By Terry Frieden, CNN Justice Producer
February 21, 2013 -- Updated 0109 GMT (0909 HKT)
A federal judge in Washington Wednesday delayed proceedings to allow Anheuser-Busch to revise efforts to take over the brewers of Corona and Corona Light.
A federal judge in Washington Wednesday delayed proceedings to allow Anheuser-Busch to revise efforts to take over the brewers of Corona and Corona Light.
  • Anheuser-Busch InBev revising takeover plan for Grupo Modelo
  • Justice Department says takeover would increase beer prices
  • Anheuser-Busch proposes selling Corona rights in U.S.

Washington (CNN) -- A federal judge in Washington Wednesday agreed to delay proceedings to allow Anheuser-Busch to revise its efforts to take over the Mexican brewers of Corona and Corona Light.

Judge Richard Roberts put off any court proceedings until March 19.

Last month Justice Department antitrust lawyers blocked Anheuser-Busch InBev from taking over Grupo Modelo of Mexico. The Justice officials argued that the merger of the nation's No. 1 brewer, makers of Budweiser and Bud Light, and the nation's third-largest brewer, Grupo Modelo, would be anticompetitive and harm consumers. The officials said beer prices would go up.

Anheuser-Busch then agreed to sell the rights to Corona and other Grupo Modelo brands in the United States to an independent company, Constellation Brands, a large wine company. It is unclear whether that $3 billion deal to sell the Corona rights would be enough to satisfy the Justice Department. The Anheuser-Busch merger with Grupo Modelo is estimated to be worth $20 billion.

Bud, Corona don't mix, Justice says

Part of complete coverage on
December 16, 2014 -- Updated 2245 GMT (0645 HKT)
Pakistan Taliban say the school attack was revenge for the killing of children in a military offensive -- but they are being pressed by defections to ISIS.
A group that claims it hacked Sony Pictures has posted a public threat against moviegoers who see Sony's "The Interview."
December 18, 2014 -- Updated 0243 GMT (1043 HKT)
The gunman behind the deadly siege in Sydney this week was not on a security watch list, and Australia's Prime Minister wants to know why.
December 18, 2014 -- Updated 0948 GMT (1748 HKT)
Bestselling author Marjorie Liu had set her sights on being a lawyer, but realized it wasn't what she wanted to do for the rest of her life.
December 16, 2014 -- Updated 2027 GMT (0427 HKT)
CNN's Matthew Chance looks into an HRW report saying Russia has "legalized discrimination against LGBT people."
December 16, 2014 -- Updated 0212 GMT (1012 HKT)
The Sydney siege has brought home some troubling truths to Australians. They are not immune to what are often called "lone-wolf" terror attacks.
December 16, 2014 -- Updated 0012 GMT (0812 HKT)
A social media campaign condemning Islamophobia under the hashtag #illridewithyou has taken off after Sydney hostage siege.
Bill Cosby has kept quiet as sexual assault allegations mounted against him, but his wife, Camille, finally spoke out in defense of her husband.
December 15, 2014 -- Updated 1144 GMT (1944 HKT)
China-bound AirAsia flight turns back to Bangkok after passenger throws water over crew member.
December 15, 2014 -- Updated 1026 GMT (1826 HKT)
It takes Nepalese eye doctor, Sanduk Ruit about five minutes to change someone's life.
December 16, 2014 -- Updated 1054 GMT (1854 HKT)
This epic journey crosses 13,000 kilometers, eight countries over 21 days. Find out where.
December 19, 2014 -- Updated 1431 GMT (2231 HKT)
Each day, CNN brings you an image capturing a moment to remember, defining the present in our changing world.
Browse through images from CNN teams around the world that you don't always see on news reports.