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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 department’s 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 Modelo’s 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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January 30, 2015
08:12 EDTTAPSolarCity, MillerCoors announces solar project
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January 29, 2015
10:00 EDTBUDOn The Fly: Analyst Downgrade Summary
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07:22 EDTBUD, BUDAB InBev downgraded to Outperform from Buy at CLSA
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January 28, 2015
06:28 EDTTAPMolson Coors UK to sell U.K. maltings business to Soufflet Group
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January 27, 2015
12:53 EDTSTZJPMorgan reports 5.6% passive stake in Constellation Brands
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January 26, 2015
07:26 EDTBUDAnheuser-Busch acquires Seattle brewer Elysian Brewing
Anheuser-Busch announced late Friday that it has agreed to purchase Elysian Brewing Company, based in Seattle, Washington. Elysian sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company’s total volume. In addition to the Seattle Airport Way brewery, the acquisition includes the company’s four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR. Anheuser-Busch’s purchase of Elysian is expected to close by the end of the first quarter of 2015. Terms of the agreement were not disclosed.
January 21, 2015
18:06 EDTSAMS&P announces changes to the S&P 500, MidCap 400, SmallCap 600 indices
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17:20 EDTSAMSouthside Bancshares to replace Boston Beer in S&P 600 as of 1/26 close
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17:19 EDTSAMBoston Beer to replace Endo in S&P 400 as of 1/26 close
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