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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJustice Department opposes big brewers merger, sues to keep beer prices down
Seeking to ensure Americans dont 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 agencys lawsuit, filed in the U.S. District Court for the District of Columbia, challenges Anheuser-Busch InBevs (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 agencys 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.
The agencys lawsuit, filed in the U.S. District Court for the District of Columbia, challenges Anheuser-Busch InBevs (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 agencys 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?
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Justice Department opposes big brewers merger, sues to keep beer prices down (Original Post)
octoberlib
Feb 2013
OP
and the banks. and the telecoms. i guess they want to keep beer prices low because the
HiPointDem
Feb 2013
#8
gtar100
(4,192 posts)1. Thank God they have their priorities straight.
Wouldn't want them to be distracted by bankers.
octoberlib
(14,971 posts)3. I had the same thought. nt
fizzgig
(24,146 posts)2. i want to know why it doesn't apply to media outlets
those acquisitions have been a bad deal for the american consumer.
Art_from_Ark
(27,247 posts)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.
Initech
(100,088 posts)4. Corrupt bankers, large airlines, or shit beer? Which is a priority here?
onehandle
(51,122 posts)5. Fuck big brand beers. Taste like yellowish tap water. InBev can die. nt
JDPriestly
(57,936 posts)7. That much concern over beer? And so little over the financial sector?
HiPointDem
(20,729 posts)8. and the banks. and the telecoms. i guess they want to keep beer prices low because the
proles might turn to political activism.