Constellation Soars On Revised Bud-Corona Deal
Constellation Brands (STZ) surged nearly 40% Thursday on a revised merger deal between two top brewers that could enable it to secure the U.S. rights to sell Corona and Negra Modelo beers. Budweiser parent Anheuser-Busch InBev (BUD) on Thursday revised its $20.1 billion acquisition offer for Mexico's Grupo Modelo in a bid to get U.S. antitrust regulators to drop their opposition to the merger. InBev said it would sell Grupo Modelo's Piedras Negras
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