Beer makers and DOJ reach deal

NEW YORK - JUNE 13: Bottles of Budweiser beer displayed at a n outdoor bar June 13, 2008 in New York City. The Belgian-Brazilian brewer InBev has made an offer of $46.3 billion bid for Anheuser-Busch, the iconic 150-year-old St Louis-based company. (Photo by Spencer Platt/Getty Images)
Spencer Platt

WASHINGTON Anheuser-Busch InBev (BUD) has reached a final agreement with the U.S. Department of Justice settling a dispute over its proposed $20.1 billion acquisition of Grupo Modelo.

The world's largest brewer has been trying since June to buy the half of Grupo Modelo that it doesn't already own. The Justice Department blocked the deal out of concern that a combined company that massive would stifle competition in the U.S.

The agreement requires the sale of Modelo's entire U.S. business to Constellation Brands Inc. to move forward.