AB InBev (BUD) to Divest All of Grupo Modelo's Crown Imports Stake (STZ)
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AB InBev (BUD), Grupo Modelo, Constellation (STZ) Reach Deal with U.S. DoJ
April 8, 2013 8:44 AM EDTLate Friday, Anheuser-Busch InBev (NYSE: BUD), Grupo Modelo, S.A.B. de C.V., Constellation Brands, Inc. (NYSE: STZB) and Crown Imports LLC announced reaching an agreement in principle with the U.S. Department of Justice on a proposed... More
Constellation (STZ) CEO Sands: We're Open to Buying Other Beer Brands
February 14, 2013 12:34 PM ESTIn 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
Constellation Brands (STZ) Deal 'Breathtaking'
February 14, 2013 11:41 AM ESTOn January 31st the 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. Constellation Brands (NYSE: STZ), which distributes Corona, closed down 17 percent in reaction to the news. Today Anheuser-Busch revamped its deal in an effort to salvage the acquisition, divesting its interest in... More
