April 10, 2013 / 3:40 PM / in 4 years

BRIEF-Constellation Brands exec comments

1 Min Read

April 10 (Reuters) - Constellation Brands Inc : * CEO says to enter into a transition services agreement w/ Anheuser Busch

InBev for brewery operations/general management assistance * CEO says to launch modelo especial chelada * CFO says $2.9 billion price tag for grupo modelo's piedras

negras brewery/brand rights is subject to post-closing adjustment * CFO sees post-closing adjustment payment to occur in fiscal 2015 * CFO sees one-time charges associated with the beer transaction of about $80

million in fiscal 2014 * CFO sees debt-to-earnings ratio in the "low 5 times range" after the beer

deal but sees it returning to "below 4 times" in about 2 years

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