Constellation Brands (STZ) Deal 'Breathtaking'

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Go back to Constellation Brands (STZ) Deal 'Breathtaking'

Constellation (STZ) CEO Sands: We're Open to Buying Other Beer Brands

February 14, 2013 12:34 PM EST

In a Bloomberg interview this afternoon, Constellation Brands Inc. (NYSE: STZ) CEO Robert Sands said he's open to buying other beer brands, including craft brands. Sands said the craft beer market is still fragmented and small.

Shares of Constellation are up 36 percent Thursday.... More

AB InBev (BUD) to Divest All of Grupo Modelo's Crown Imports Stake (STZ)

February 14, 2013 6:39 AM EST

Anheuser-Busch InBev (NYSE: BUD) and Constellation Brands, Inc. (NYSE: STZ) announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo's full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.

As part... 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 EST

Constellation Brands Inc. (NYSE:... More