STZ
Constellation Brands, Inc.NYSE
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  • Mon, Oct. 31, 9:22 AM
    • Constellations Brands (NYSE:STZ) announces it acquired Obregon Brewery from Grupo Modelo for $600M.
    • The deal has to be approved by the DOJ before closing.
    • The plant located in Mexico is expected to have 4M hectoliters of production capacity with minimal investment.
    • "We believe this is the right strategy to provide near-term capacity and greater flexibility to support our growth and innovation plans, while allowing for the buildout of our Mexicali brewery over an extended time period," says Constellation CEO Rob Sands.
    • Grupo Modelo is a subsidiary of Anheuser-Busch InBev (NYSE:BUD).
    • STZ +1.12% premarket to $167.88.
    | Mon, Oct. 31, 9:22 AM | 7 Comments
  • Mon, Oct. 17, 9:33 AM
    | Mon, Oct. 17, 9:33 AM
  • Mon, Oct. 17, 8:28 AM
    • The Ontario Teachers' Pension Plan acquires the Canadian operation of Constellation Brands (NYSE:STZ) for approximately C$1.03B ($785M).
    • The transaction is expected to close before the end of the calendar year.
    • "Constellation Brands Canada is an ideal addition to our Consumer Portfolio," said Jane Rowe, Senior Vice-President, Private Capital.
    • The Wall Street Journal tipped off that a deal was near last night.
    • Previously: Constellation Brands nears sale of Canadian wine unit (Oct. 16)
    • Source: Press Release
    | Mon, Oct. 17, 8:28 AM | 2 Comments
  • Wed, Oct. 5, 10:21 AM
    | Wed, Oct. 5, 10:21 AM | 2 Comments
  • Nov. 16, 2015, 9:26 AM
    • Constellation Brands (NYSE:STZ) announces it acquired Ballast Point Brewing & Spirits for close to $1B. The level that values the company at an EBITDA multiple in the mid-to-high teens.
    • The California craft beer maker is expecting sales of about $115M this year off of volume of 4M cases.
    • Ballast Point filed for an IPO about a month ago under the symbol PINT.
    • Previously: Ballast Point Brewing & Spirits files for IPO (Oct. 19 2015)
    | Nov. 16, 2015, 9:26 AM | 5 Comments
  • Sep. 16, 2015, 9:56 AM
    | Sep. 16, 2015, 9:56 AM | 5 Comments
  • Feb. 14, 2015, 10:13 AM
    • Craft soda is starting to become a trend to watch closely, according to industry insiders.
    • Though still accounting for only ~1% of the total U.S. soda market, major retail chains have increasingly been willing to bet on local craft brands in store aisles.
    • The craft craze is old news for the beer industry where coming-of-age millennials buy craft/local beers at a 50% higher rate than brand-loyal older generations. Fading stars such as Budweiser and Bud Light are testament to the impact of the millennial paradigm.
    • The craft influence in coffee hasn't been lost on Starbucks which has strategically deployed trucks on college campuses in an effort to win over students.
    • Despite the progressive reputation of Starbucks, analysts think new upstarts such as Craft (subscription) and Cups (app) have a shot of gaining influence with the Indie-minded millennial crowd on "customization" and pricing.
    • What to watch: An increase in M&A activity in the beverage sector is expected as major companies strategically pick off more local craft brands to incubate.
    • Craft beer watch: BUD, OTCPK:SBMRY, TAP, OTCQX:HEINY, SAM, BREW, STZ, OTC:BIBLF, OTCPK:BRBMF.
    • Craft coffee watch: GMCR, SBUX, JVA, SJM, KRFT, DNKN, QSR, MCD.
    • Craft soda watch: PEP, KO, MNST, COT, DPS, OTCQB:JSDA, REED, SODA,  FIZZ.
    | Feb. 14, 2015, 10:13 AM | 24 Comments
  • May 23, 2014, 3:47 AM
    • Treasury Wine Estates (TSRYF) and Bright Food Group have dismissed a report that the Chinese company is in talks to buy the Australian vintner.
    • The denials come after Treasury Wine rejected a A$3.1B ($2.9B) proposal from U.S. private-equity firm KKR (KKR) earlier this week.
    • Treasury has also dismissed reports recently that it has received separate approaches from Constellation Brands (STZ) and France's Pernod Ricard (PDRDY) for Treasury's U.S. operations.
    | May 23, 2014, 3:47 AM
  • Jun. 4, 2013, 1:25 PM

    Anheuser-Busch InBev (BUD +0.3%) announces it completed its combination with Grupo Modelo and holds 95% of Grupo's shares following a protracted tender offer. The deal with Constellation Brands (STZ -2%) for rights to brands in the U.S. will close on June 7.

    | Jun. 4, 2013, 1:25 PM
  • May 7, 2013, 2:57 PM

    Craft brewery execs say they're increasingly brushing back offers from big brewers and P-E firms to consider selling their business. The buzz is over craft beer sales which are growing at a double-digit rate, while global brewery sales continue to move up at a snail's pace. What's next: As Anheuser-Busch InBev (BUD +0.9%), SABMiller (SBMRY.PK), Molson Coors (TAP -0.9%), and even winemaker Constellation Brands (STZ) get even thirstier for growth, will craft brew companies continue to resist the temptation to cash in?

    | May 7, 2013, 2:57 PM | 5 Comments
  • Apr. 19, 2013, 10:37 AM

    Anheuser-Busch (BUD +1.7%) has reached a deal with the DOJ regarding its acquisition of Mexican beer giant Grupo Modelo, Bloomberg reports. A consent decree will reportedly be filed today. The deal requires Modelo to sell its U.S. brands, as well as a Mexican brewery, to Constellation Brands (STZ +1.7%). Anheuser also gives up an option to buy back a stake in U.S. Modelo distributor Crown Imports, leaving Crown fully owned by Constellation. Constellation says it will invest $400M to expand the Mexican brewery. (previous)

    | Apr. 19, 2013, 10:37 AM
  • Apr. 5, 2013, 6:35 PM

    Anheuser-Busch InBev (BUD), Grupo Modelo and Constellation Brands (STZ) confirm a tentative agreement with the U.S. Department of Justice to allow their three-way beer deal to get approved. BUD says the new agreement, which isn’t finalized, would be “substantially in line" with revised terms that give more control of Modelo's U.S. beer brands to STZ.

    | Apr. 5, 2013, 6:35 PM | 1 Comment
  • Apr. 5, 2013, 4:27 AM

    AB InBev (BUD) is reportedly close to agreeing to a settlement with the Department of Justice that would persuade the DOJ to approve the company's $20.1B bid to take full control of Modelo, with an announcement set to be made next week. The sides have until Tuesday to update a federal judge on their progress but might request a short extension.

    | Apr. 5, 2013, 4:27 AM
  • Mar. 15, 2013, 6:07 PM

    Constellation Brands (STZ) +3.1% AH as AB InBev (BUD), Grupo Modelo and the Justice Department ask a federal court to allow more time for settlement talks that could resolve a government lawsuit challenging the companies' planned merger. After DoJ sued to stop the deal, BUD agreed to sell a Modelo brewery in Mexico to STZ for $2.9B and grant STZ perpetual rights for Corona and other Modelo brands in the U.S.

    | Mar. 15, 2013, 6:07 PM | 1 Comment
  • Mar. 10, 2013, 4:09 AM

    The Department of Justice is reportedly examining Constellation Brands' (STZ) intention to boost brewing capacity by 70% at Modelo's Piedras Negras plant in Mexico to see if the plan will ensure strong competition should the DOJ approve AB InBev's acquisition of Modelo. AB InBev has offered to sell the plant to Constellation as it looks to gain approval for its $20.1B bid to buy full control of Modelo.

    | Mar. 10, 2013, 4:09 AM | 1 Comment
  • Mar. 7, 2013, 5:37 AM

    The WSJ highlights how Bank of America (BAC) made a net profit of around $1.14M on trading options in Constellation Brands (STZ) in the summer, around the time the latter said it was acquiring Crown Imports from AB InBev (BUD) as part of the Belgian brewer's acquisition of full control of Modelo. BofA was an adviser on the Modelo deal and played a crucial role in the funding of both transactions. BofA says that the Chinese wall between different parts of the bank was maintained.

    | Mar. 7, 2013, 5:37 AM | 5 Comments