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Stock Market & Financial Investment News

News Breaks
April 23, 2013
05:12 EDTSTZ, STZ.B, BUD, GPMCFCourt allows settlement to proceed among DoJ, Constellation Brands, AB InBev, and Grupo Modelo
The Court signed the previously announced stipulation and order between Constellation Brands (STZ, STZ.B), Anheuser-Busch InBev (BUD), Grupo Modelo, S.A.B. de C.V. (GPMCF), and the Department of Justice that resolves the Department of Justice's challenge to AB InBev's proposed acquisition of the remaining shares of Grupo Modelo that it does not already own. The parties had requested the Court's signature of the stipulation and order last Friday, April 19. Constellation expects to complete its transaction with AB InBev around the end of Constellation's 1Q14 or shortly thereafter.
News For B;BUD;GPMCF From The Last 14 Days
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October 24, 2014
07:58 EDTBUDMolson Coors seen as winner if peers merge, Bloomberg says
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06:47 EDTBBarnes Group reports Q3 Industrial sales up 24% to $207.2M
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06:36 EDTBBarnes Group sees FY14 adjusted EPS $2.30-$2.35, consensus $2.27
Sees FY14 revenue growth of 15%-16%, consensus $1.27B; Sees FY14 organic growth of 5%-6%; Sees FY14 adjusted operating margins of approximately 15.5%. Expects FY14 CapEx $60M and FY14 cash conversion to be approximately 100% of net income.
06:35 EDTBBarnes Group reports Q3 adjusted EPS 64c, consensus 58c
Reports Q3 revenue $317.66M, consensus $311.02M; Reports Q3 organic sales up 8%; Reports Q3 operating margin 16%; Reports Q3 adjusted operating margin of 16.5%.
October 23, 2014
11:49 EDTBBarnes Group management to meet with Drexel Hamilton
Meetings to be held in Philadelphia on October 29 and in Baltimore on October 30 hosted by Drexel Hamilton.
October 17, 2014
05:50 EDTBBarnes Group raises quarterly dividend by 9% to 12c per share
The board of Barnes Group increased the company’s quarterly cash dividend 9% to 12c per share of common stock. The dividend will be payable December 10, to shareholders of record at the close of business on November 26. On an annualized basis, the increase raises the annual dividend from 44c per share to 48c per share.
October 15, 2014
14:24 EDTBBarnes Group diversifies funding profile with $100M private debt placement
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October 13, 2014
07:26 EDTBUDAB InBev has studied potential deal to acquire PepsiCo, Bloomberg says
Anheuser-Busch InBev (BUD), which has a history of growth via acquisition and has been speculated to be targeting peer SABMiller (SBMRY), has also studied whether a merger with PepsiCo (PEP) makes sense, according to Bloomberg, citing people familiar with the matter. The report added that one source said no talks between Anheuser-Busch and Pepsi are ongoing, no deal is imminent, and the scenario is among many that has been examined. The report also noted that Albert Fried views Monster Beverage (MNST) and Keurig Green Mountain (GMCR) as other suitable targets for AB InBev. Reference Link

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