Headlines

AB InBev, DOJ Modelo Talks Progress

Anheuser-Busch InBev and U.S. Justice Department negotiations are heading toward an accord that will give the brewer antitrust approval to buy Grupo Modelo SAB, three people familiar with the matter said. The discussions center on AB InBev’s revised proposal to sell control of all Modelo brands in the U.S., and a brewery in Mexico, to Constellation Brands Inc. to resolve a U.S. lawsuit seeking to block the deal, said the people, who asked not to be named because the talks are confidential. (Bloomberg)