Constellation criticizes DOJ

Investor's Business Daily

The maker of Black Velvet whiskey, wines and other beverages criticized the gov't's move to block Anheuser-Busch InBev's (BUD) proposed $20.1 bil buyout of Mexican brewer Grupo Modelo. Constellation (STZ) plans to buy the part of Modelo it doesn't own now, becoming sole U.S. seller of Modelo's Corona and other beers, under a related $1.85 bil deal. Constellation rose 1%.

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