Bud-InBev sale to hit another snag?
Despite apparent progress toward completion of the $52 billion sale of Anheuser-Busch to Belgian brewer InBev, there may be another bump in the road: According to this article in The New York times, the maker of Corona has filed court papers trying to block the move. Corona principal Grupo Modelo said the proposed sale violates an earlier agreement between it and Anheuser-Busch. It seems Anheuser actually owns a 50 percent stake in Modelo, and Modelo says the agreement places restrictions on the American brewery’s ability to transfer its stake to another beer company. Anheuser says there is no merit to Modelo’s claims.
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