Constellation Brands (STZ) 'Disappointed' with DOJ Decision on InBev/Grupo Modelo
Tweet
Share
E-mailGet Alerts STZ Hot Sheet
Price: $260.70 +0.78%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.6%
Revenue Growth %: +6.3%
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 1.6%
Revenue Growth %: +6.3%
Join SI Premium – FREE
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."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Blackstone (BX) Nears Deal to Sell Control of S.Korean Pharma Wholesaler Geo-young to MBK Parnters for Over $1B - Reuters
- Azul (AZUL) Said in Talks With Gol (GOL) Shareholder for Stock-Based Deal - Bloomberg
- Nordstrom family weighing taking retailer private - WSJ
Create E-mail Alert Related Categories
Mergers and Acquisitions, Rumors, Trader Talk, Trading HaltsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
