Regulators to Ask AB InBev for Concessions in Modelo Deal

The Department of Justice is about to check the King of Beers. Regulators will soon ask Anheuser-Busch InBev — the world’s biggest brewer — to make major concessions to complete its $19 billion buyout of Grupo Modelo, a well-placed source said. Critics of the deal believe allowing Busch, with its Budweiser and other brands owning approximately 47 percent of the US beer market, to buy Modelo, whose Corona and 11 other brands control 6 percent, will give it too much pricing power. (NY Post)