Constellation Brands Inc. (STZ: Quote) and Anheuser-Busch InBev (BUD: Quote) announced a revised agreement that establishes Crown Imports as the #3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo's U.S. business.
Constellation Brands gapped open sharply higher Thursday and climbed in early trade, before settling into a range. The stock finished up by 11.87 at $43.75 on strong volume and set a new high for the year.
Click here to receive FREE breaking news email alerts for Constellation Brands Inc and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org