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$52 billion merger held up by the price of beer


bills_fan

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This is spectacular!! I love my Labatt Blue.

 

 

Labatt Blue and Labatt Blue Light have less than 1 percent share of the U.S. market, but in upstate New York they go head-to-head with Anheuser-Busch Cos. Inc.'s Budweiser and Bud Light, and MillerCoors LLC brands like Coors Light and Miller Lite.

 

Without the sell-off condition, the Justice Department said beer prices would increase in metropolitan Buffalo, Rochester, N.Y., and Syracuse, N.Y. due to lessened competition.

 

"This divestiture will ensure that consumers will continue to benefit from the significant competition between the merging companies in upstate New York," Deputy Assistant Attorney General Deborah A. Garza said in a statement

 

http://biz.yahoo.com/ap/081114/inbev_anheuser_busch.html

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