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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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January 28, 2016
05:50 EDTBUDAB InBev cancels $42.5B of acquisition facilities following recent bond issue
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January 27, 2016
13:40 EDTBUDKKR replaces Bain as suitor for Peroni, Grolsch brands, Reuters says
KKR (KKR) is replacing Bain Capital as a bidder for SABMiller's (SBMRY) Peroni and Grolsch brands, Reuters reporst, citing three sources familiar with the matter. KKR was not previously shortlisted as one of the final suitors for the brands being unloaded by AB InBev (BUD) to smooth its acquisition of SABMiller, the report says. Reference Link
January 26, 2016
11:53 EDTBUDOptions with increasing put volume: RDN MTG PCP HES CLDX NEM BUD JUNO KITE

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