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AB InBev Has ‘Agreement in Principle’ With U.S. on Modelo

Anheuser-Busch InBev NV and the U.S. Justice Department said they have reached an agreement in principle to resolve an antitrust lawsuit seeking to block the brewer’s purchase of Grupo Modelo SAB, maker of Corona beer.

The parties filed a joint motion yesterday in Washington to postpone the suit until April 23 so they can complete the agreement. They had been scheduled to report to U.S. District Judge Richard Roberts by April 9 about progress toward a settlement or to set a litigation schedule. This is the third extension they have asked for since the Justice Department sued to block the merger Jan. 31.