Corona Beer Gets Sold & Bought in the Same Day

Constellation Brands (STZ) is buying out Anheuser-Busch InBev’s 50% stake of Crown Imports. The deal gives Constellation 100% control of the importing business. Constellation is spending $1.85 billion to take control of the business. The new deal also makes Constellation the third largest beer supplier in the United States. There is a call option for AB InBev to buyout Crown Imports at 13 times EBITDA. The call option is good every 10 years for the largest brewing company in the World. Constellation shares were up as much as 24% in trading during Friday’s session. Shares hit a new fifty two

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Tagged AB InBev, Anheuser Busch, Constellation Brands, Corona, crown imports, Grupo Modelo