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News Breaks | | | | March 13, 2013 | | 07:43 EDT |  | BUD | AB InBev price target raised to $112 from $94 at Stifel Nicolaus
After meeting with AB InBev's CFO, Stifel Nicolaus increased its target on the stock, citing its pro forma Modelo estimates and its estimate for high single digit EBITDA growth. If the Modelo deal does not go through, Stifel said it would likely revise its target and view the high $80s as an attractive risk/reward ratio for the shares. The firm maintains a Buy rating on AB InBev. | |
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News For BUD From The Last 14 Days Check below for free stories on BUD 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
 Subscribe for More Information | | | 06:03 EDT |  | BUD | AB InBev coverage reinstated with an Overweight at JPMorgan
Subscribe for More Information | | | June 7, 2013 | | 16:07 EDT |  | BUD | 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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