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Old 01-31-2013, 06:57 PM   #1
Calichusetts
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Default Budweiser gets sued by Dept. of Justice

http://www.nbcnews.com/business/doj-...delo-1B8189703

Figured the last discussion was closed, and this might actually please the people who call Bud an evil/bully corporation. Both sides seem to talk as if the deal with go through anyway, regardless of the DOJ's lawsuit
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Old 01-31-2013, 07:30 PM   #2
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Not sure how I feel about this really, on the one hand I don't see where DOJ has jurisdiction over a private company expanding and inhibiting it since it would be considered a non-crucial industry unlike a communications company.

On the other hand I see their acquisition of GM as being a bit monopolistic in nature, but options do still exist and the buyer will set the market in the end.

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Old 01-31-2013, 07:35 PM   #3
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Quote:
In a statement, Constellation Brands expressed disappointment with the Justice Department's decision.

"The proposed transaction would further establish Crown Imports as a more independent and competitive entity and solidify is position as a major player in the U.S. beer industry," Constellation said, in a press release.
I question if we really need any more "Major Players" in the U.S. Beer Industry.
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Old 01-31-2013, 07:45 PM   #4
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That article is terrible, just figured out why DOJ is involved...distribution monopoly which I agree needs an injunction of some form. I don't see why they don't buy GM minus the distribution side and make it it's own company to be sold to third party if one exists.

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