AB InBev announced that the US Department of Justice has requested additional information regarding the proposed full takeover of Grupo Modelo. This ‘second request’ is said to be a normal part of the review process under the Hart-Scott-Rodino Improvement Act. AB InBev still expect the transaction to close in the first quarter of 2013.
Our view :
Small news, part of the normal regulatory proceedings. No impact. We maintain our Hold rating.