Constellation Brands says no longer sees Crown Imports deal closing in Q1 Constellation Brands issued the following statement in response to the U.S. Department of Justice's action concerning the proposed Anheuser-Busch InBev-Grupo Modelo transaction: "Constellation Brands is disappointed with the DOJ decision. The proposed transaction would further establish Crown Imports as a more independent and competitive entity and solidify its position as a major player in the U.S. beer industry. We will provide further comment when appropriate. Given today's development, we no longer expect the deal to close during the first calendar quarter of 2013 but we ultimately look forward to an expeditious resolution."
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Constellation Brands outlook has improved, says RBC Capital After Constellation Brands reported higher than expected Q4 adjusted EPS, RBC Capital is more confident that the company's beer and wine segments can beat expectations. The firm still thinks the company's free cash flow can reach $1B in the long-term a nd keeps an Outperform rating on the name.