Justice Department Files Lawsuit Against Budweiser for Participating in the 'Free Market'Submitted by myajace on Sat, 02/02/2013 - 01:10
The Justice Department filed a lawsuit Thursday to stop Anheuser-Busch InBev's proposed $20.1 billion purchase of Mexican brewer Grupo Modelo, which would unite the ownership of popular beers like Budweiser and Corona.
The government said the deal could lead to higher beer prices in this country because it would substantially reduce competition in the U.S. beer market, particularly in 26 metropolitan areas. It said the merged firm would control nearly half the beer sales in the U.S.
ABI is the largest U.S. brewer and Modelo is the third and together, the two firms control about 46 percent of annual sales in the U.S.
MillerCoors, the second-largest beer company, accounts for 29 percent of nationwide sales.
So, I'm guessing some members of Congress, the Senate, and a few other governmental agencies must own some stock in MillerCoors or something...
Don't cheat, the government hates competition.