Bolster their case, Justice Department lawyers says the deal will lead to higher prices for popular beers like budweiser and corona. Anheuserbusch inbev says it is still confident the deal will go through. As darren gersh reports, the fight could be a sign more mergers will face a tougher time in washington. Reporter the Justice Department is not quite ready for a twopack of brewers to control almost half the american beer market. In a statement announcing a lawsuit to block anheuserbush inbevs 20 billion deal for mexican brewer modelo, assistant attorney general bill baer says if abi fully owned and controlled modelo, a. B. I. Would be able to increase beer prices to american consumers. This lawsuit seeks to prevent a. B. I. From eliminating modelo as an Important Competitive force in the beer industry. Anheuserbusch was not deterred, saying we remain confident in our position, and we intend to vigorously contest the Justice Departments action in federal court. Reporter the proposed m
Department lawyers says the deal will lead to higher prices for popular beers like budweiser and corona. Anheuserbusch inbev says it is still confident the deal will go through. As darren gersh reports, the fight could be a sign more mergers will face a tougher time in washington. Reporter the Justice Department is not quite ready for a twopack of brewers to control almost half the american beer market. In a statement announcing a lawsuit to block anheuserbush inbevs 20 billion deal for mexican brewer modelo, assistant attorney general bill baer says if abi fully owned and controlled modelo, a. B. I. Would be able to increase beer prices to american consumers. This lawsuit seeks to prevent a. B. I. From eliminating modelo as an Important Competitive force in the beer industry. Anheuserbusch was not deterred, saying we remain confident in our position, and we intend to vigorously contest the Justice Departments action in federal court. Reporter the proposed merger between the largest an
Scout Investments Inc. lowered its stake in shares of Materion Co. (NYSE:MTRN – Free Report) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,340 shares of the basic materials company’s stock after selling 1,157 shares during the period. Scout […]
Scout Investments Inc. lessened its position in Materion Co. (NYSE:MTRN – Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,340 shares of the basic materials company’s stock after selling 1,157 shares during the period. Scout […]
Covestro AG (ETR:1COV – Get Free Report) dropped 0.7% during trading on Wednesday . The company traded as low as €48.33 ($52.53) and last traded at €48.91 ($53.16). Approximately 517,494 shares changed hands during trading, a decline of 44% from the average daily volume of 917,794 shares. The stock had previously closed at €49.26 ($53.54). […]