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Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:47 EDTSTZ, BUDConstellation Brands, Crown file legal motion to defend interests
Constellation Brands (STZ) and Crown Imports said they filed a Motion to Intervene in U.S. District Court for the District of Columbia to ensure the companies interests are represented as part of the U.S. Department of Justice's complaint against the proposed Anheuser-Busch InBev (BUD) acquisition of Grupo Modelo. Constellation has a separate proposed transaction with AB InBev to fully acquire Crown, currently a 50/50 joint venture with Modelo. Constellation and Crown were not named as part of the Jan. 31, 2013 DOJ complaint; however, they said the complaint directly impacts both companies. This motion will seek to permit Constellation and Crown to have direct access to the legal proceedings. Constellation and Crown argue the transactions are good for beer consumers as Crown will be a stronger competitor in the U.S., and states the deals will improve competition in the U.S. beer industry.
News For STZ;BUD From The Last 14 Days
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January 29, 2015
10:00 EDTBUDOn The Fly: Analyst Downgrade Summary
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07:22 EDTBUD, BUDAB InBev downgraded to Outperform from Buy at CLSA
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January 27, 2015
12:53 EDTSTZJPMorgan reports 5.6% passive stake in Constellation Brands
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January 26, 2015
07:26 EDTBUDAnheuser-Busch acquires Seattle brewer Elysian Brewing
Anheuser-Busch announced late Friday that it has agreed to purchase Elysian Brewing Company, based in Seattle, Washington. Elysian sold more than 50,000 barrels of beer in 2014, with Immortal IPA accounting for more than a quarter of the company’s total volume. In addition to the Seattle Airport Way brewery, the acquisition includes the company’s four Seattle brewpubs, Elysian Capitol Hill, Elysian Tangletown, Elysian Fields and Elysian BAR. Anheuser-Busch’s purchase of Elysian is expected to close by the end of the first quarter of 2015. Terms of the agreement were not disclosed.

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