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February 14, 2013
05:31 EDTSTZ, BUD, STZ.BAB InBev, Constellation Brands revise agreement for divestiture of Grupo Modelo
Anheuser-Busch InBev (BUD) and Constellation Brands (STZ, STZ.B) announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo's full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S. AB InBev to sell Piedras Negras brewery and grant perpetual rights to Constellation for Corona and the Modelo brands in the U.S. for $2.9B. Constellation to acquire 50% of Crown that it does not own for $1.85B. The terms and merits of combination between AB InBev and Grupo Modelo relating to global deal remain unchanged. AB InBev synergy projection revised to approximately $1B from $600B.
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April 24, 2015
06:33 EDTBBarnes Group raises FY15 EPS to $2.45-$2.60 from $2.42-$2.57, consensus $2.50
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06:31 EDTBBarnes Group reports Q1 Industrial sales down 2% to $200.3M
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06:31 EDTBBarnes Group reports Q1 adjusted EPS 53c, consensus 52c
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