Constellation Brands stock plummets on news of DOJ antitust lawsuit in A-B InBev – Modelo deal
Constellation’s shares fell $7.42, or 19 percent, Thursday to $31.75. Since the Modelo deal was announced last year, Constellation’s stock has soared, going from under $20 a share to more than $30. U.S.-traded shares of Anheuser-Busch InBev SA fell 5.9 percent on Thursday to $88.63.
The stock actually dove nearly 30% immediately after the news hit.
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Breweries: A-B InBev, Constellation Brands, Grupo Modelo
