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Thu Jan 31, 2013, 11:23 PM

Justice Department opposes big brewers merger, sues to keep beer prices down

Seeking to ensure Americans don’t have to pay more for their Coronas and Buds, the Justice Department filed a lawsuit Thursday to block a merger between two beer industry giants.

The agency’s lawsuit, filed in the U.S. District Court for the District of Columbia, challenges Anheuser-Busch InBev’s (ABI) acquisition of Grupo Modelo. The $20.1 billion deal could cost drinkers billions of dollars because it would lessen competition between the two companies, said Bill Baer, assistant attorney general in charge of the agency’s Antitrust Division.

We believe the acquisition is a bad deal for American consumers,” Baer told reporters during a conference call Thursday.

Baer said even an incremental increase in the costs of popular beers could have a significant impact on a marketplace that saw $80 billion in sales last year. Modelo has typically sought to compete by keeping its products, including the popular Corona, at lower price points. That has kept Anheuser-Busch and Miller from pushing their prices higher, the government contends.





http://thehill.com/blogs/regwatch/court-battles/280369-justice-department-sues-to-keep-beer-prices-in-check


I just read that US Airways is buying American. Why wouldn't this apply to the airlines?





8 replies, 673 views

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Reply Justice Department opposes big brewers merger, sues to keep beer prices down (Original post)
octoberlib Jan 2013 OP
gtar100 Jan 2013 #1
octoberlib Jan 2013 #3
fizzgig Jan 2013 #2
Art_from_Ark Feb 2013 #6
Initech Jan 2013 #4
onehandle Jan 2013 #5
JDPriestly Feb 2013 #7
HiPointDem Feb 2013 #8

Response to octoberlib (Original post)

Thu Jan 31, 2013, 11:34 PM

1. Thank God they have their priorities straight.

Wouldn't want them to be distracted by bankers.

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Response to gtar100 (Reply #1)

Thu Jan 31, 2013, 11:40 PM

3. I had the same thought. nt

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Response to octoberlib (Original post)

Thu Jan 31, 2013, 11:38 PM

2. i want to know why it doesn't apply to media outlets

those acquisitions have been a bad deal for the american consumer.

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Response to fizzgig (Reply #2)

Fri Feb 1, 2013, 12:02 AM

6. Corporate-controlled media outlets

can better keep a populace ill-informed on the one hand, and placated on the other. However, higher beer prices could cause Joe Sixpack to get very irritated.

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Response to octoberlib (Original post)

Thu Jan 31, 2013, 11:46 PM

4. Corrupt bankers, large airlines, or shit beer? Which is a priority here?

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Response to octoberlib (Original post)

Thu Jan 31, 2013, 11:57 PM

5. Fuck big brand beers. Taste like yellowish tap water. InBev can die. nt

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Response to octoberlib (Original post)

Fri Feb 1, 2013, 03:23 AM

7. That much concern over beer? And so little over the financial sector?

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Response to octoberlib (Original post)

Fri Feb 1, 2013, 07:14 AM

8. and the banks. and the telecoms. i guess they want to keep beer prices low because the

 

proles might turn to political activism.

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