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Anheuser-Busch InBev (BUD) Is Up On Grupo Modelo News

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Anheuser-Busch InBev (BUD) announced Sunday that it, along with Mexican peer Grupo Modelo, Constellation Brands Inc. (STZ) and Crown Imports LLC, have reached an agreement in principle with the U.S. Department of Justice to resolve a litigation challenging AB InBev's proposed acquisition of the remaining stake in Grupo Modelo that it does not already own.

Anheuser-Busch InBev gapped open higher Monday and is now up 1.44 at $99.04. The stock is near the middle of a 2-week range at the highs of the year.

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