New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 31, 2013
10:43 EDTTAP, BUD, SAM, STZAB InBev, Constellation fall after U.S. sues to block Modelo takeover
(BUD) proposed acquisition of total ownership and control of Grupo Modelo. The department said that the $20.1B transaction would "substantially lessen competition in the market for beer in the United States as a whole and in 26 metropolitan areas across the United States, resulting in consumers paying more for beer and having fewer new products from which to choose." The department's lawsuit, filed in the U.S. District Court for the District of Columbia, seeks to prevent the companies from merging. The departmentís complaint also alleges that ABI and Modelo efforts to remedy the anticompetitive aspects of their transaction are inadequate. The complaint states that ABI has agreed to sell Modeloís existing 50% interest in Crown to its Crown joint venture partner, Constellation (STZ). ABI would also enter into an exclusive agreement to supply Constellation with Modelo beer to import into the United States, although ABI can terminate this supply agreement after 10 years and would retain the Modelo brands and its brewing and bottling facilities, the Justice Department added. Following the lawsuit, shares of AB InBev declined 5% to $89.19 while Constellation shares fell 28% to $28.37. Other beer suppliers declined, including Boston Beer (SAM) and Molson Coors (TAP).
News For BUD;STZ;SAM;TAP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 15, 2015
12:13 EDTBUDThird Point gives quarterly update on stakes
NEW STAKES: Yum! Brands (YUM), NXP Semiconductors (NXPI), FedEx (FDX), McKesson (MCK), and J M Smucker (SJM). INCREASED STAKES: Actavis (ACT), Roper Technologies (ROP), Delta Air Lines (DAL), and FleetCor Technologies (FLT). DECREASED STAKES: Ally Financial (ALLY), Amgen (AMGN), Phillips 66 (PSX), eBay (EBAY), and Anheuser Busch Inbev SA (BUD). LIQUIDATED STAKES: Alibaba Group (BABA), Citigroup (C), EMC Corporation (EMC), Anglo American (AAL), and Williams Companies (WMB).
May 13, 2015
16:19 EDTSAMBoston Beer expands repurchase program by $50M
At a special meeting of the board of directors of The Boston Beer Company held on May 8, the board voted to increase the aggregate expenditure limit for the company's stock repurchase program by $50M, thereby increasing the limit from $350M to $400M. Shares of the company's class A common stock will be repurchased pursuant to a rule 10b5-1 plan. As of May 8, the company had approximately $28.3M remaining on the $350M repurchase limit.
May 12, 2015
08:05 EDTTAPGoldman Sachs to hold a forum
Subscribe for More Information
May 11, 2015
18:24 EDTSTZConstellation Brands names Jared Fix Chief Marketing Officer for Wine & Spirits
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use