McLane Drops TX Tied-House Suit

In an unexpected turn of events, Berkshire Hathaway's food distribution subsidiary McLane Company has withdrawn its challenge to Texas' tied house laws.BACKGROUND. McLane has been angling to get an alcohol distributor license in Texas for years. It applied for one in 2011 but then pulled the application, later claiming the TABC gave it the impression that its ownership structure was a problem because Berkshire Hathaway also owns share in the retail tier. Note, this wasn't a formal denial and Texas