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AB InBev says Modelo deal largely in line with its revisions

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(Globalpost/GlobalPost)

BRUSSELS (Reuters) - Anheuser-Busch InBev <ABI.BR> said on Friday the full takeover of Mexico's Grupo Modelo <GMODELOC.MX> it agreed with the U.S. Justice Department was broadly in line with the revised terms it set out on February 14.

The world's largest beermaker said in a statement the deal included additional binding commitments designed to ensure prompt divestiture of assets to Constellation <STZ.N>, the build-out of the Piedras Negras brewery by Constellation and U.S. distribution guarantees for Constellation.

AB InBev said it expected the transaction to close in June.

(Reporting by Philip Blenkinsop)

http://www.globalpost.com/dispatch/news/thomson-reuters/130419/ab-inbev-says-modelo-deal-largely-line-its-revisions