AB InBev, Constellation Announce Revised Agreement

Anheuser-Busch InBev and Constellation Brands, Inc. have announced a revised agreement that establishes Crown Imports as the No. 3 producer and marketer of beer in the U.S. through a complete divestiture of Grupo Modelo’s U.S. business. The transaction establishes Crown as a fully owned entity of Constellation, and provides Constellation with independent brewing operations, Modelo’s full profit stream from all U.S. sales, and rights in perpetuity to the Grupo Modelo brands distributed by Crown in the U.S.