By CHRISTOPHER LEONARD, AP
ST. LOUIS (Sept. 10) - Ten angry beer drinkers are trying to derail the largest brewery takeover in history.
The group filed a federal lawsuit Wednesday claiming Belgium-based InBev's $52 billion purchase of Anheuser-Busch Cos. Inc. would violate U.S. antitrust law if completed as planned in the coming months.
The suit, filed in Anheuser-Busch's hometown of St. Louis, does not seek financial damages but asks a judge to block the deal. The Department of Justice often reviews large acquisitions to determine if they are legal under U.S. law. But attorneys behind the lawsuit said they want to halt the deal regardless of the verdict in Washington.
"The Justice Department can do whatever they want. They have no absolutely no effect on private actions," said Joseph Alioto, the lead attorney in the case. He declined to say Wednesday who was funding the lawsuit.
Anheuser-Busch said it will fight the suit.
Full story here http://money.aol.com/news/articles/_a/bbdp...3145x1200535616
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Posted September 15 2008 - 05:04 PM
Sometimes the majority only means that all the fools are on the same side.
