Regulators cleared Nasdaq OMX Group Inc.’s plan to pay $62 million to compensate brokers for its mishandling of Facebook Inc.’s public debut, dealing a defeat to Wall Street firms that say they lost many times that amount.
Constellation Brands Inc.’s plans for expanding a beer plant now owned by Grupo Modelo SAB are being examined by U.S. antitrust investigators to see if they’re sufficient to approve Anheuser-Busch InBev NV’s purchase of the Mexican brewer, two people familiar with the matter said.
Jackson Lewis LLP opened a Tampa, Florida, office with four lawyers, led by Barnett Q. Brooks, former managing partner of the Tampa office of rival Ogletree, Deakins, Nash, Smoak & Stewart PC. The office is the third opened by the employment law firm in the five weeks since Vincent Cino took the helm as chairman on Jan. 1.
Anheuser-Busch InBev NV’s bid to buy Grupo Modelo SAB may face an obstacle unforeseen by the parties when the Justice Department sued to block the deal -- assignment of the case to Washington’s slowest federal judge.
Anheuser-Busch InBev NV, the world’s biggest brewer, is unwilling to sell Grupo Modelo SAB’s newest state-of-the-art beer bottling plant as a concession to win U.S. approval of its $20.1 billion takeover of the Mexican company, two people familiar with the matter said.
Pabst Brewing Co. would look into buying Michelob from Anheuser-Busch InBev NV should the brand be divested to settle a U.S. antitrust lawsuit to block the $20.1 billion takeover of the rest of Grupo Modelo SAB.