Attempt to block Inbev's takeover of Anheuser-Busch Fails
on 27/10/10 at 11:43 pmIndustry
ST. LOUIS — The latest quest by 10 Missouri beer consumers who tried to block InBev’s $52 billion takeover of U.S. beer giant Anheuser-Busch fell flat Wednesday when an appeals court refused to resurrect their antitrust lawsuit.
A three-judge panel of the 8th U.S. Circuit Court of Appeals upheld a federal judge’s decision to throw out the lawsuit last year. The suit claimed the 2008 merger of Belgium-based Inbev and St. Louis-based Anheuser-Busch – which created the world’s largest brewer – would diminish competition and raise beer prices.
The panel suggested that allowing the lawsuit to go forward now could be counterproductive and fruitless.