Constellation Brands rode its blockbuster beer deal with Anheuser-Busch InBev to crush expectations in the first quarter.
After its acquisition of Grupo Modelo's U.S. beer business, Constellation is doing better than ever. But what are investors paying to own a piece of this all-star?
New court filings allege the brewer is pulling the strings after the Grupo Modelo merger.
MEXICO CITY (Reuters) - Mexico's biggest brewers, Corona maker Grupo Modelo and Sol producer Cuauhtemoc Moctezuma, have agreed to face more competition to end a dispute over their long domination of the domestic beer market, the world's sixth-biggest.
Constellation Brands, Inc. (NYSE:STZ) recently acquired the U.S. beer business of Grupo Modelo from Anheuser-Busch InBev NV (ADR) (NYSE:BUD) for $4.75 billion. Is this a good deal or a bad one, and how will if affect the stock price going forward? Constellation Brands is kind of a big deal Constellation Brands, Inc. (NYSE:STZ) has outperformed peers Anheuser-Busch [...]
The long acquisition is over. Anheuser-Busch InBev announced yesterday it had completed its acquisition of Mexican brewer Grupo Modelo in a deal valued at $20.1 billion that creates a combined company with approximately 400 million hectoliters of beer volume annually. As part of the transaction hammered out with the U.S. Show More Summary
A federal court has approved a settlement agreement between the Department of Justice and Anheuser-Busch InBev that will allow the mammoth beer corporation to complete its purchase of Grupo Modelo, a Mexico-based brewer that produces Corona, Pacifico, and other beers. Show More Summary
On Friday, the Department of Justice called off its antitrust case against Anheuser-Busch InBev (ABI), which had been poised to ake over Grupo Modelo, the Mexico-based brewer of Corona. ABI will still take over most of Modelo, but the...Show More Summary
The news that Anheuser-Busch InBev NV (ADR) (NYSE:BUD) InBev finally settled its differences with the Justice Department is welcome, as it allows the acquisition of Mexico’s Grupo Modelo to be finally completed. Bud didn’t get everything it wanted and has to sell the entire U.S. Modelo business to Constellation Brands, Inc. (NYSE:STZ) rather than just its [...]
Anheuser-Busch InBev has reached a final agreement with the U.S. Department of Justice that could settle a dispute over its $20.1 billion acquisition of the Mexican brewer Grupo Modelo. The world's largest...
In a settlement that includes one of the largest divestures of all time, beer giant Anheuser-Busch InBev reached a deal with the Department of Justice today to proceed with its acquisition of Grupo Modelo. But winning antitrust approval came at...
An accident at a Mexico City brewery killed seven people early Sunday, Corona beermaker Grupo Modelo said.The accident happened in a tank that was undergoing maintenance and cleaning, a spokeswoman for the company said in a statement. Show More Summary
Mexico’s largest brewer Grupo Modelo said seven workers died in an accident on Sunday at a brewery in Mexico City.
Authorities in Mexico City said that 7 workers died today in a tank at a Grupo Modelo brewery. The 7 workers were cleaning the tank and may have died from toxic fumes. Authorities are currently investigating the deaths at the brewery in Mexico City. Jennifer Shelley, a spokeswoman for the company, said that the deaths [...]Show More Summary
An antitrust attorney has filed a private lawsuit on behalf of nine consumers, including six from St. Louis, against Anheuser-Busch InBev (ABI) and Grupo Modelo over their proposed $20.1 billion merger. The St. Louis Business Journal reports Joseph Alioto filed the suit in federal court in San Francisco, stating the acquisition will substantially lessen competition and/or [...]
Despite the progress made with the Justice Department, Anheuser-Busch InBev could be left bereft if a new lawsuit blocks its attempt to acquire the remaining stake in Mexican brewer Grupo Modelo that it doesn't already own. Last Friday...Show More Summary
Will its merger with Grupo Modelo be blocked because of anti-competition concerns?
Citing significant progress made in joint talks over its proposed acquisition of Grupo Modelo, brewing giant Anheuser-Busch InBev said all the parties, including the Justice Department, jointly asked the court to extend a stay due to...Show More Summary
WASHINGTON (Reuters) - The U.S. Justice Department and Anheuser-Busch InBev, embroiled in a battle over whether AB InBev can expand its stake in the Mexican brewing company Grupo Modelo, asked a court on Friday to extend a delay in the court fight as...
In late January of 2013, the U.S. Justice Department announced that it would file a formal legal complaint in order to block a proposed merger between Belgium-based international drinks powerhouse Anheuser-Busch InBev NV (ADR) (NYSE:BUD) and Mexican beer distributor GRUPO MODELO SP ADR (PINK:GPMCY). Show More Summary