Constellation Brands Update
It looks like the discussion between Anheuser Busch InBev (Ticker: BUD), Grupo Medelo and Constellation Brands (Ticker: STZ) is going well with the Department of Justice. Anheuser Busch and the DOJ requested to postpone litigation until April 9th so the talks can continue. From what I’ve read the tone of the talks have been positive and I see a very high probability that a settlement will be reached. Constellation Brands will be the prime beneficiary as it will gain the licensing of the Modelo brands such as Corona and will acquire a manufacturing facility. I’m still hanging tight to my shares in Constellation Brands and see more upside with an agreement with the DOJ. Constellation Brands currently make up ~ 25% of my portfolio.
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