The Department of Justice announced on Friday that it has reached an official settlement with Anheuser-Busch InBev and Grupo Modelo. The deal will allow AB InBev to proceed with its $20 billion purchase of the Mexican brewer.
AB InBev, has been trying to complete a buyout of Modelo, maker of the popular Corona brand, since last June.
Beer giant Anheuser Busch has reached a deal with the Justice Department that will allow the company to purchase Mexican brewer Grupo Modelo.
AB InBev announced last June its plans to purchase the half of Grupo Modelo it did not already own for $20 billion. The federal government filed suit in January, saying the deal would drive up beer prices.