|
|
News Breaks | | | | February 4, 2013 | | 06:19 EDT |  | BUD, GPMCF, STZ | Modelo merger firms look to avoid a trial in U.S., Reuters reports
Anheuser-Busch InBev (BUD), Grupo Modelo (GPMCF) and Constellation Brands (STZ)) are in talks about how to address U.S. regulators' antitrust concerns over their merger and expect to soon open settlement talks to avoid a trial, sources say, reports Reuters. Reference Link | |
|
News For BUD;GPMCF;STZ From The Last 14 Days Check below for free stories on BUD;GPMCF;STZ the last two weeks. |
|
|
| June 14, 2013 | | 07:32 EDT |  | BUD | AB InBev added to European Analyst Focus List at JPMorgan
 Subscribe for More Information | | | 06:03 EDT |  | BUD | AB InBev coverage reinstated with an Overweight at JPMorgan
Subscribe for More Information | | | June 7, 2013 | | 16:07 EDT |  | BUD, STZ | Constellation completes acquisition of Grupo Modelo's U.S. beer business
Constellation Brands (STZ) announced that it has completed its acquisition of Grupo Modelo's U.S. beer business from Anheuser-Busch InBev (BUD) for approximately $4.75B. The transaction includes full ownership of Crown Imports LLC which provides Constellation with complete, independent control of all aspects of the U.S. commercial business; a state-of-the-art brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands Crown currently sells and the freedom to develop brand extensions and innovations for the U.S. market. With the close of the acquisition, Constellation begins to operate as one company with two divisions: a beer division and a wine and spirits division. A brewery operations group has also been established to manage the expansion and integration of the Nava brewery. Constellation plans to invest $500M-$600M during the next three years to expand the facility to double its current capacity to meet projected demand for products in the U.S. | | | June 6, 2013 | | 06:23 EDT | | GPMCF | Mexico nears decision after Heineken, Grupo Modelo investigation, Bloomberg says
Brewers Heineken (HINKY) and Grupo Modelo (GPMCF), who control nearly 98% of the market in Mexico, are close to the end of an almost three year government antitrust probe, reports Bloomberg. Mexico’s Federal Competition Commission has another 15 business days to decide whether exclusive beer distribution agreements held by the two brewers are anti-competitive, meaning a ruling is likely around the end of the month. Reference Link | | | June 5, 2013 | | 12:59 EDT | | STZ | Constellation says has agreement in principle with DoJ, Mexican Antitrust unit
Constellation Brands says it has reached two key milestones for regulatory approvals for the Modelo transaction including an agreement in principle with the U.S. Department of Justice and approval by the Mexican Antitrust Commission. At this time, the closing of the transaction is expected to occur around the end of Constellation’s Q1 or shortly thereafter. The purchase price for the combined transaction is $4.75B. This includes $1.85B for the remaining interest in Crown, and $2.9B for the brewery and perpetual brand rights which is based on an initial assumed EBITDA of $310M representing the profit stream from Modelo’s sales of beer to Crown Imports for 2012. Comments made in slide presentation ahead of company's investor meeting. | | | 08:16 EDT |  | STZ | Constellation Brands to host investor meeting
Subscribe for More Information | |
|
|
|
|
|
|
