date:Mar 18, 2013
pany.
After the Justice Department sued to stop the deal, AB InBev announced that it was willing to sell Modelo's Piedras Negras brewery in Mexico near the U.S border to Constellation for $2.9 billion and that it would grant Constellation perpetual rights for Corona and other Modelo brands in the United States.
A Justice Department spokeswoman was not immediately available for comment.
Despite a huge array of beers on store shelves, the U.S. beer market is dominated by two big players.
AB In