Constellation To Acquire Remaining Interest In Crown

Constellation Brands STZ announced its plans to acquire the remaining 50% stake in Crown Imports from Anheuser-Busch InBev BUD for $1.85 billion. The transaction is likely to close during the first quarter of 2013. Constellation Brands shares closed at $21.76 yesterday, while Anheuser-Busch InBev shares closed at $73.79 yesterday.