January 31, 2013 at 16:23 PM EST
Corona Importer Loses Big in Beer Industry Dustup
You know how gamblers on Super Bowl Sunday get really angry at a team for not covering the spread and costing them money? That's kind of how wine and beer company Constellation Brands (NYSE:STZ) is feeling about the Justice Department's lawsuit against beer giant Anheuser-Busch InBev (NYSE:BUD). Last summer A-B made a $20.1 billion deal to increase its 50% stake in Mexican brewer Grupo Modelo (PINK:GPMCF) and take control of its Corona Modelo and Pacifico brands. The deal caught the eye of the Department of Justice largely because A-B already holds a 46% share of the US beer market ...
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