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News Breaks | | | | February 11, 2013 | | 07:16 EDT |  | BUD, GPMCF | InBev's $20.1B deal for Grupo Modelo faces slow working judge, Bloomberg reports
Anheuser-Busch InBev’s (BUD) bid to buy Grupo Modelo SAB (GPMCF) may face an obstacle unforeseen by the parties when the Justice Department sued to block the deal: assignment of the case to U.S. District Judge Richard Roberts, Washington’s slowest judge who was randomly picked to handle antitrust litigation over the $20.1B deal, reports Bloomberg.Reference Link | |
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News For BUD;GPMCF From The Last 14 Days Check below for free stories on BUD;GPMCF the last two weeks. |
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| 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 | 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 | |
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