By Benjamin Goad - 02/21/13 10:52 PM EST
ABI, producer of Budweiser and Bud Light, and Modelo, brewer of Corona and other products, are, respectively, the first and third largest players in the beer industry.
Two weeks after the suit was filed in the U.S. District Court for the District of Columbia, the companies offered a modified plan under which ABI would sell off a brewery that currently produces certain Grupo Modelo beers. The buyer, Constellation Brands, Inc., would be granted perpetual brand licenses for Grupo Modelo brands in the U.S., along with other assets.
“The Antitrust Division is investigating the revised transaction,” Justice Department spokeswoman Gina Talamon said.
In the meantime, Justice and the defendants have requested a stay of the case until March 19.