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AB InBev (BUD) amends the terms of its $20.1B proposal to acquire the 50% of Modelo it doesn't...

  • Thursday, February 14, 3:49 AM ET
    AB InBev (BUD) amends the terms of its $20.1B proposal to acquire the 50% of Modelo it doesn't own as it looks to allay U.S. antitrust concerns. AB InBev says it will sell the Mexican company's Piedras Negras brewery to Constellation Brands (STZ) and give the latter perpetual rights to sell Corona and other Modelo brands in the U.S.  in a deal worth $2.9B. And as originally planned, Constellation will buy the 50% of Crown Imports it doesn't own from Modelo for $1.85B. (PR)
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This news story has 4 comments:

  •  
    Game, set, match. This is a perfect fix to the perceived antitrust problems and one that will hugely benefit STZ.

    Good for BUD; great for STZ.
    14 Feb, 08:03 AM Reply Like
  •  
    Our view is that STZ is worth over $40 without the deal and that this deal is a bonanza opportunity to STZ. The reaction to the DoJ suit was bonkers.
    14 Feb, 11:02 AM Reply Like
  •  
    probably should have bought calls on STZ when it dropped that ridiculous amount
    14 Feb, 03:06 PM Reply Like
  •  
    That would have made all the sense in the world. I think that being a liquidity provider to people who want to freak out can be a sensible strategy.
    14 Feb, 03:21 PM Reply Like
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