Constellation Brands (STZ) 'Disappointed' with DOJ Decision on InBev/Grupo Modelo
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Constellation Brands (NYSE: STZ) issued the following statement after the DOJ moved to block the Anheuser-Busch InBev-Grupo Modelo transaction.
"Constellation Brands is disappointed with the DOJ decision. The proposed transaction would further establish Crown Imports as a more independent and competitive entity and solidify its position as a major player in the U.S. beer industry. We will provide further comment when appropriate.
Given today`s development, we no longer expect the deal to close during the first calendar quarter of 2013 but we ultimately look forward to an expeditious resolution."
"Constellation Brands is disappointed with the DOJ decision. The proposed transaction would further establish Crown Imports as a more independent and competitive entity and solidify its position as a major player in the U.S. beer industry. We will provide further comment when appropriate.
Given today`s development, we no longer expect the deal to close during the first calendar quarter of 2013 but we ultimately look forward to an expeditious resolution."
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