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Stock Market & Financial Investment News

News Breaks
April 23, 2013
05:12 EDTGPMCF, STZ, BUD, STZ.BCourt 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.
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