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| February 14, 2013 |
| 07:24 EDT |  | BUD, STZ | AB InBev shares should rally on revised agreement, says Jefferies
Jefferies expects AB InBev (BUD) shares to rally after the company announced a revised agreement with Constellation Brands (STZ) for the sale of its Piedras Negras brewery and granting of the perpetual rights to Corona and other brands in the U.S. for $2.9B. Jefferies thinks the new deal addresses the Department of Justice's concerns surrounding AB InBev's takeover of Modelo deal and the firm now expects the deal to go through. Jefferies has a Buy rating on AB InBev shares. |
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News For BUD;STZ From The Last 14 Days Check below for free stories on BUD;STZ the last two weeks. |
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| June 14, 2013 |
| 07:32 EDT | | BUD | AB InBev added to European Analyst Focus List at JPMorgan
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| 06:03 EDT |  | BUD | AB InBev coverage reinstated with an Overweight at JPMorgan
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| June 7, 2013 |
| 16:07 EDT |  | BUD, STZ | Constellation completes acquisition of Grupo Modelo's U.S. beer business
Constellation Brands (STZ) announced that it has completed its acquisition of Grupo Modelo's U.S. beer business from Anheuser-Busch InBev (BUD) for approximately $4.75B. The transaction includes full ownership of Crown Imports LLC which provides Constellation with complete, independent control of all aspects of the U.S. commercial business; a state-of-the-art brewery in Nava, Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands Crown currently sells and the freedom to develop brand extensions and innovations for the U.S. market. With the close of the acquisition, Constellation begins to operate as one company with two divisions: a beer division and a wine and spirits division. A brewery operations group has also been established to manage the expansion and integration of the Nava brewery. Constellation plans to invest $500M-$600M during the next three years to expand the facility to double its current capacity to meet projected demand for products in the U.S. |
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| June 5, 2013 |
| 12:59 EDT | | STZ | Constellation says has agreement in principle with DoJ, Mexican Antitrust unit
Constellation Brands says it has reached two key milestones for regulatory approvals for the Modelo transaction including an agreement in principle with the U.S. Department of Justice and approval by the Mexican Antitrust Commission. At this time, the closing of the transaction is expected to occur around the end of Constellation’s Q1 or shortly thereafter. The purchase price for the combined transaction is $4.75B. This includes $1.85B for the remaining interest in Crown, and $2.9B for the brewery and perpetual brand rights which is based on an initial assumed EBITDA of $310M representing the profit stream from Modelo’s sales of beer to Crown Imports for 2012. Comments made in slide presentation ahead of company's investor meeting. |
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| 08:16 EDT |  | STZ | Constellation Brands to host investor meeting
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| June 4, 2013 |
| 15:15 EDT |  | STZ | Constellation Brands volatility low into investor meeting
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| 12:38 EDT | | BUD, STZ | AB InBev completes combination with Grupo Modelo
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