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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

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GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

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Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions:
Justice Dept Sues to Block $20B AB InBev-Modelo Deal

The lawsuit says that the merger could result in consumers paying more for beer

The U.S. Justice Department filed an antitrust lawsuit to block Anheuser-Busch InBev NB’s (NYSE: BUD) proposed $20.1 billion acquisition of Grupo Modelo (MM: GMODELOC), saying the deal would reduce competition in the beer market.

The suit, filed on Jan. 31, said that Anheuser’s proposed total ownership of Modelo would result in consumers paying more for beer and having fewer new products to choose from.

Even a small increase on the price of beer could result in billions of dollars that could harm American consumers, the department said. Americans spent at least $80 billion on beer last year.

The department filed the lawsuit in the U.S. District Court for the District of Columbia.

Anheuser and Modelo are the first and third largest beer firms, respectively, together accounting for 46 percent of annual beer sales. MillerCoors is the second largest. Anheuser owns Budweiser, Bud Light,  Michelob, Shock Top, Rolling Rock and other beer brands. Modelo owns stakes in Corona, Model and Pacifico, as well as other brands.

Anheuser agreed to buy Modelo in June 2012. 

 

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