Bud: Feds agree to tentative deal over $20.1B buyout

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NEW YORK Anheuser-Busch InBev (BUD) says it has reached a tentative agreement with the U.S. Department of Justice over its disputed $20.1 billion acquisition of Grupo Modelo.

The Justice Department had sued to block the combination on concerns it would stifle competition in the U.S. The companies later revised terms, giving more control of Corona maker Modelo's U.S. beer brands to a separate company, wine producer Constellation Brands (STZ).

The agreement announced Friday also includes Constellation Brands.

The companies said Friday that the proposed resolution is in line with the revised deal. They are asking the court to extend a stay of proceedings until April 23 to finalize the details necessary for a settlement.