Corona Extra courtest of Grupo Modelo A-B InBev

Constellation Brands stock up 36%, A-B InBev up 6% on Modelo deal revision news

Anheuser-Busch InBev NV (BUD, $93.67, +$5.41, +6.13%) (ABI.BT) and Constellation Brands ($43.32, +$11.44, +35.88%) agreed Thursday on revised terms for the Grupo Modelo SAB (GMODELO.MX) transaction. Anheuser-Busch agreed to give up key U.S. assets and beer licenses of Grupo Modelo worth $4.75 billion to fend off U.S. antitrust regulators and push through its $20.1 billion takeover of the Mexican brewer.

via Wall Street Journal.

 

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