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Constellation Brands (STZ) agrees to purchase the 50% of Crown Imports that it doesn't own for...
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Friday, June 29, 2012, 5:49 AM ETConstellation Brands (STZ) agrees to purchase the 50% of Crown Imports that it doesn't own for $1.85B in a deal that comes in lockstep with A-B InBev's (BUD) $20.1B acquisition of Grupo Modelo. Crown is a JV between Modelo and Constellation to import Corona into the U.S. - the sale of 50% of Crown is seen as an attempt to avoid antitrust concerns about the larger deal. (PR)
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