Market Overview

Constellation Brands Responds to DoJ Action: Says Disappointed, No Longer Sees Deal Closing in Q1

Share:
Related STZ
Jim Cramer Weighs In On Constellation Brands, Childrens Place, Tempur Sealy And Brink's
Benzinga's Top Upgrades, Downgrades For July 24, 2017
Stocks Flashing Renewed Technical Strength: Constellation Brands (Investor's Business Daily)
Related BUD
Earnings Scheduled For July 27, 2017
Najarian Brothers See Unusual Options Activity In Anheuser Busch, Micron And Advanced Micro Devices
The Vetr community has downgraded $BUD to 1.5-Stars (Vetr)

Constellation Brands, Inc. (CBI), (NYSE: STZ) issued the following statement today in response to the U.S. Department of Justice's (DOJ) 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.

Posted-In: News

 

Related Articles (STZ + BUD)

View Comments and Join the Discussion!