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Stock Market & Financial Investment News

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February 14, 2013
05:31 EDTBUD, STZ, 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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October 17, 2014
05:50 EDTBBarnes Group raises quarterly dividend by 9% to 12c per share
The board of Barnes Group increased the company’s quarterly cash dividend 9% to 12c per share of common stock. The dividend will be payable December 10, to shareholders of record at the close of business on November 26. On an annualized basis, the increase raises the annual dividend from 44c per share to 48c per share.
October 15, 2014
14:24 EDTBBarnes Group diversifies funding profile with $100M private debt placement
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