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Topic: U.S. challenges AB-InBev´s
purchase of Grupo Modelo |
U.S. challenges AB-InBev´s
purchase of Grupo Modelo
Reuters, by Diane Bartz
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Original Article
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Posted By:LittleHoodedMonk, 1/31/2013 12:24:12 PM
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| Washington - The U.S. Justice Department has filed a lawsuit seeking to stop Anheuser-Busch InBev SA (ABI.BR) from buying the half of Mexican brewer Grupo Modelo (GMODELOC.MX) that it does not already own, saying the $20.1 billion deal would lessen competition in the U.S. beer market. (Snip) InBev said in a statement that the Justice Department´s decision to sue to stop the deal was "inconsistent with the law, the facts and the reality of the market place." "We remain confident in our position, and we intend to vigorously contest the DOJ´s action in federal court," the statement said.
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Comments:
It is important to grasp that the our "Justice Department" doesn´t seem interested when we sell a bankrupt hi-tech lithium battery company that 0bama tried to save with our tax money to Communist China. [We may need those batteries in the future]. Then, it goes after a brewery in Mexico to stop the lack of competition it will create.
What are our priorities?
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Reply 1 - Posted by:
Jethro bo, 1/31/2013 12:26:43 PM (No. 9150652)
So our Just us department is going to try to stop a foreign company from buying another foreign company. Cute.
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Reply 2 - Posted by:
LudicrousSextus, 1/31/2013 12:46:53 PM (No. 9150690)
Unreal. This from the same administration that has no problem at all dumping 240 million taxpayer bucks in A123 ´battery tech company´, then when that company goes bankrupt - selling ***critical*** military tech paid for with YOUR money - to the Chinese...
Yeah...that Negro Modelo is sure a threat to national security...
What a crew of buffoons!
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Reply 4 - Posted by:
Bur Oak, 1/31/2013 12:54:21 PM (No. 9150708)
Blocking the sale for this doesn´t make sense. Grupo Modelo doesn´t have a very large share of the US beer market.
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Reply 5 - Posted by:
sardonic, 1/31/2013 12:56:12 PM (No. 9150713)
What a pant load. Here in Portland Oregon you can´t swing a dead cat without hitting a micro-brew brand in the "face" (or without pissing off PETA incidentally).
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Reply 6 - Posted by:
reilly, 1/31/2013 1:21:20 PM (No. 9150750)
In federal court? Didn´t realize its jurisdiction includes Mexico and South America. Hahaha.
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Reply 7 - Posted by:
lakerman1, 1/31/2013 1:38:07 PM (No. 9150783)
I join #6 in pondering the jurisdiction on antitrust actions. And though I am not an attorney, I have to wonder if this is just one more overreach by the kenyan klown´s justice department.
This administration is absolutely lawless. But one could expect that from a constitutionally ineligible president.
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