BofA/Merrill Lynch Downgrades Constellation Brands (STZ) to Neutral
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Goldman Sachs Downgrades Constellation Brands (STZ) to Neutral on Deal Risk, Sees 50% of Closing
February 1, 2013 7:47 AM ESTGoldman Sachs downgraded Constellation Brands (NYSE: STZ) from Buy to Neutral with a price target of $40.00 (from $36.00) citing increased deal risk after the DOJ filed a lawsuit to block InBev's purchase of Grupo Modelo. Constellation Brands plan to acquire Crown Imports was dependent... More
Constellation Brands Inc. (STZ) resumed trading following its statement
January 31, 2013 11:41 AM ESTConstellation Brands Inc. (NYSE: STZ) resumed trading following its statement... More
Constellation Brands (STZ) 'Disappointed' with DOJ Decision on InBev/Grupo Modelo
January 31, 2013 11:19 AM ESTConstellation 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... More
U.S. Files Complaint to Halt AB InBev (BUD) Acquisition of Grupo Modelo
January 31, 2013 11:19 AM ESTThe U.S. filed a complaint to block Anheuser-Busch InBev SA/NV (NYSE: BUD) from acquiring the balance of Grupo Modelo it doesn't already own, sending Inbev shares down over 6 percent Thursday.
In the complain, the DoJ makes the following argument:Fundamental to free markets is the notion that competition works best and consumers benefit most when independent firms battle hard to win business from each other. In industries characterized by a small number of substantial competitors and high barriers to entry, further consolidation is especially problematic and antithetical to... More
Constellation Brands (STZ) trading halted with news pending
January 31, 2013 11:02 AM ESTConstellation Brands Inc. (NYSE: STZ) trading halted with news pending.... More
Constellation's (STZ) Crown Imports Deal in Jeopardy as U.S. Aims to Block Groupo Modelo Sale
January 31, 2013 10:50 AM ESTConstellation Brands (NYSE: STZ) is getting hit Thursday following announcements that the U.S. Department of Justic is moving to block Inbev's (NYSE: BUD) proposal to acquire the rest of Grupo Modelo. The deal was announced last... More
Constellation Brands (STZ) resumes trading after fourth circuit breaker halt
January 31, 2013 10:50 AM ESTConstellation Brands (NYSE: STZ) resumes trading after fourth circuit breaker halt.... More
Constellation Brands (STZ) Halted 4th Time on Breaker
January 31, 2013 10:45 AM ESTConstellation Brands Inc. (NYSE: STZ) halted again on circuit breaker. This time on the way up. Last down 21%.... More
Constellation Brands (STZ) resumes trading, moves up
January 31, 2013 10:43 AM ESTConstellation Brands Inc. (NYSE: STZ) resumes trading and finds some support. Last down 25%... More
Constellation Brands (STZ) Halted 3rd Time on Breaker
January 31, 2013 10:38 AM ESTConstellation Brands Inc. (NYSE: STZ) again resume trading and was immediately halted. Last down 28%.
News the U.S. is moving to block Anheuser-Busch Inbev's (NYSE: BUD) acquisition of Grupo Modelo.... More
Constellation Brands (STZ) Pummled on Inbev/Grupo Modelo News; Halted On 2nd Breaker
January 31, 2013 10:36 AM ESTConstellation Brands Inc. (NYSE: STZ) was halted on a second circuit breaker on news the U.S. is moving to block Anheuser-Busch Inbev's (NYSE: BUD) acquisition of Grupo Modelo. Shares last down 19%.... More
Constellation Brands (STZ) halted on circuit breaker
January 31, 2013 10:27 AM ESTConstellation Brands Inc. (NYSE: STZ) halted on circuit breaker after drop as U.S. sues to block Anheuser-Busch Inbev Sa/Nv (NYSE: BUD) purchase of Grupo Modelo (OTCBB: GPMCF).... More
Constellation Brands Inc. (STZ) slammed as U.S. sues to block Anheuser-Busch Inbev Sa/Nv (BUD) purchase of Grupo Modelo
January 31, 2013 10:25 AM ESTConstellation Brands Inc. (NYSE: STZ) slammed as U.S. sues to block Anheuser-Busch Inbev Sa/Nv (NYSE: BUD) purchase of Grupo Modelo (OTCBB: GPMCF).... More
