Justice Department Seeks More Info on Craft Brew’s Merger With Anheuser-Busch
The Justice Dept. is taking a closer look at Anheuser-Busch InBev's (NYSE: BUD) acquisition of Craft Brew Alliance (NASDAQ: BREW), filing a second request demand for information under provisions of the Hart-Scott-Rodino Antitrust Improvement Act (HSR).
All mergers and acquisitions are reviewed by the Federal Trade Commission for their impact upon competition and the agency issues a request for more information when it finds areas of concern. While most mergers are approved on the initial review, second requests are not uncommon, though it often means the regulatory agency requires the companies to take some action. Divesting additional assets is a common solution to the request.
Image source: Getty Images.
Source Fool.com
