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Stock Market & Financial Investment News

News Breaks
February 14, 2013
10:53 EDTBUD, STZConstellation believes new agreement addresses concerns raised by DOJ in lawsuit
Constellation says it has fully committed bridge financing in place to complete these acquisition activities. Says expects to invest approximately $400M over three years to expand Piedras Negras facility. Says intends to deploy free cash flow to pay down debt with an intent to get below 4x EBITDA leverage ratio within two to three years of the transaction close. Comments made on the Constellation Brands (STZ), Anheuser-Busch InBev (BUD) conference call discussing the revised agreement for complete Ddivestiture of the U.S. Business of Grupo Modelo.
News For STZ;BUD From The Last 14 Days
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November 19, 2014
20:12 EDTBUDAB InBev cutting jobs, consolidating sales division in U.S., WSJ reports
Anheuser-Busch InBev confirmed in a statement that it is cutting jobs and consolidating its sales division in the U.S., according to the Wall Street Journal, but declined to specify how many jobs are being cut. Reference Link
November 14, 2014
07:47 EDTBUDAB InBev CEO says willing to deal but only at right price, Bloomberg reports
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November 11, 2014
11:33 EDTBUDSABMiller may look for takeover, expansion stable of beers, WSJ says
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