US challenges deal to merge Budweiser and Corona

Associated Press : Washington, Fri Feb 01 2013, 12:09 hrs

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"Today, Modelo aggressively competes head-to-head with ABI in the United States'' and ``that competition has resulted in lower prices and product innovations that have benefited consumers across the country,'' the Justice Department court filing said. ``The proposed acquisition would eliminate this competition by further concentrating the beer industry, enhancing ABI's market power, and facilitating coordinated pricing between ABI and the next largest brewer, MillerCoors, LLC.''

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