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February 1, 2013
09:15 EDTBUD, STZConstellation Brands responds further to DOJ action
Constellation Brands (STZ) issued the following statement in further response to the U.S. Department of Justice's action yesterday concerning the proposed Anheuser-Busch InBev (BUD) and Grupo Modelo transaction: "Constellation Brands believes the DOJ's action demonstrates its incomplete understanding of the proposed transaction for at least three primary reasons. Crown Imports, not Modelo, is AB InBev's competitor in the U.S. Corona and the other Modelo brands are sold in the U.S. by Crown Imports LLC, a joint venture currently owned 50/50 by Constellation Brands and Modelo...Constellation Brands' acquisition of Modelo's interest in Crown will improve competition. The proposed transaction will enhance Crown's status as an independent and competitive entity and will strengthen Crown's position as a growing competitor to AB InBev in the U.S. beer market. Crown will have complete, autonomous control as the brand owner in the U.S. with respect to its distribution, marketing, promotion and pricing of Corona and the other Modelo brands. Critical to Crown's success is its independent judgment in selecting and collaborating with the best distributor option available in each of Crown's markets...Crown will have even greater flexibility in responding to competitive factors in each of its markets. The new contract ensures that Crown will benefit from both long-term stability in costs of goods provided by AB InBev and from the operational excellence and global scale of the world's leading beer producer. As a result, Crown and consumers can benefit from the considerable efficiencies that are expected to be achieved by the AB InBev/Modelo transaction. Additionally, Crown will immediately have access to several more Mexican beer brands to sell in the U.S., and is guaranteed supply of a certain number of new products each year upon request...Finally, Crown is empowered to freely innovate and supplement its offerings in the U.S. beyond the Modelo portfolio at Crown's sole discretion."
News For STZ;BUD From The Last 14 Days
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April 21, 2014
08:06 EDTBUDMonster Beverage agrees to settle class action suit over Anheuser-Busch pact
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06:45 EDTBUDAB InBev deal propels Deutsche to top of Korean Merger Advisory, Bloomberg says
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April 15, 2014
10:18 EDTSTZOptions with decreasing implied volatility: BBBY INFY STZ RAD
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April 14, 2014
10:58 EDTSTZOptions with decreasing implied volatility: BBBY FDO STZ RAD
April 11, 2014
10:49 EDTSTZOptions with decreasing implied volatility: STZ EPB FDO YONG
April 10, 2014
11:15 EDTSTZOptions with decreasing implied volatility: YONG STZ BBBY FDO EPB
09:28 EDTSTZConstellation Brands outlook has improved, says RBC Capital
After Constellation Brands reported higher than expected Q4 adjusted EPS, RBC Capital is more confident that the company's beer and wine segments can beat expectations. The firm still thinks the company's free cash flow can reach $1B in the long-term a nd keeps an Outperform rating on the name.

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