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.
SABMiller Plc, the world’s second- biggest brewer, advanced the most in almost three years in London trading after Brazilian news website IG reported that the beermaker is in talks to be bought by larger competitor Anheuser-Busch InBev NV.