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AB-InBev And DOJ Reach Agreement In Principle For Modelo Deal

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(KTVI) – AB-InBev in a statement released Friday night, says, it has in principle reached an agreement with the U.S. Department of Justice to buy the 50% stake they do not own of Modelo.

Both sides have requested more time to study, what they’re calling “framework of an agreement to settle”.

The Justice Department had opposed the merger, and filed a brief to that effect, back on January 31 of this year.