Ham Murabi
Plumbing the Depths
- Joined
- Nov 12, 2002
- Posts
- 23,159
ST. LOUIS — Ten angry beer drinkers are trying to derail the largest brewery takeover in history.
The group has filed a federal lawsuit claiming Belgium-based InBev's $52 billion purchase of Anheuser-Busch would violate U.S. antitrust law if completed as planned in the coming months.
The suit doesn't seek financial damages but does ask a judge to block the deal.
The Department of Justice often reviews large acquisitions to determine if they are legal under U.S. law. But attorneys behind the lawsuit says they want to halt the deal regardless of the verdict in Washington.
Anheuser-Busch says it will fight the suit.
Plaintiffs in the lawsuit are listed as 10 individuals who drink Anheuser-Busch and would be affected if the company were to raise prices.
The group has filed a federal lawsuit claiming Belgium-based InBev's $52 billion purchase of Anheuser-Busch would violate U.S. antitrust law if completed as planned in the coming months.
The suit doesn't seek financial damages but does ask a judge to block the deal.
The Department of Justice often reviews large acquisitions to determine if they are legal under U.S. law. But attorneys behind the lawsuit says they want to halt the deal regardless of the verdict in Washington.
Anheuser-Busch says it will fight the suit.
Plaintiffs in the lawsuit are listed as 10 individuals who drink Anheuser-Busch and would be affected if the company were to raise prices.