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, but was range-bound throughout the session. The stock closed up by 1.63 at $99.23.
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