Lawsuit Filed to Stop Merger of Corona and Bud
The U.S. justice department filed a lawsuit against Anheuser-Busch InBev’s $20.1 billion to purchase Mexican brewer Grupo Modelo. After the merger of the two ompanies, the ownership of the two popular beers like Corona and Budweiser will be united. Government smells a well-planned act in this decision of the two companies just to play monopoly in the beer market. Bringing to your notice, the merger firm controls about 46% of the total beer market in America. Merging of the two primary manufacturers of beer in America may decrease the competition in the market as being the controller of almost half of the country’s beer production, they may rise prices of these two beer products. In response to government’s action, Anheuser-Busch InBev promised to fight against the government. ABI is the largest brewer of beer in U.S.