Anheuser-Busch (BUD +1.7%) has reached a deal with the DOJ regarding its acquisition of Mexican...

|About: Anheuser-Busch Inbev SA/NV (BUD)|By:, SA News Editor

Anheuser-Busch (BUD +1.7%) has reached a deal with the DOJ regarding its acquisition of Mexican beer giant Grupo Modelo, Bloomberg reports. A consent decree will reportedly be filed today. The deal requires Modelo to sell its U.S. brands, as well as a Mexican brewery, to Constellation Brands (STZ +1.7%). Anheuser also gives up an option to buy back a stake in U.S. Modelo distributor Crown Imports, leaving Crown fully owned by Constellation. Constellation says it will invest $400M to expand the Mexican brewery. (previous)