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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
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February 11, 2016
06:50 EDTTAPMolson Coors reports Q4 Canada underlying pretax income $51.8M
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06:49 EDTTAPMolson Coors reports Q4 worldwide beer volume 13.8M hectoliters
Reports Q4 worldwide beer volume 13.8 million hectoliters, decreased 1.7%; Coors Light volume increased 0.8% worldwide and 13.5% in Europe and International.
06:48 EDTTAPMolson Coors reports Q4 underlying EPS 49c, consensus 50c
Reports Q4 revenue $844.4M, consensus $845M.
February 10, 2016
11:49 EDTBUDAsahi confirms offer to buy Peroni, Grolsch from SABMiller
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11:15 EDTTAPMolson Coors to hold a conference call
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February 8, 2016
14:01 EDTBUDEarnings Watch: Analysts becoming more positive on Coca-Cola
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February 5, 2016
11:23 EDTTAPOptions with increasing put volume
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January 29, 2016
05:58 EDTTAPMolson Coors 27.2M share Secondary priced at $86.50
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January 28, 2016
05:50 EDTBUDAB InBev cancels $42.5B of acquisition facilities following recent bond issue
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