Key Developments: Constellation Brands Inc (STZb.N)

STZb.N on New York Stock Exchange

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28 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Constellation Brands Inc raises FY 2015 EPS guidance - Conference Call
Wednesday, 2 Jul 2014 10:30am EDT 

Constellation Brands Inc:Forecasts FY 2015 comparable basis diluted EPS to be in the range of $4.10 to $4.25 per share, versus previous guidance of $3.95 to $4.15.FY 2015 EPS of $4.19 - Thomson Reuters I/B/E/S.  Full Article

Constellation Brands gives FY 2015 EPS guidance in line with analysts' estimates - Conference Call
Wednesday, 9 Apr 2014 10:30am EDT 

Constellation Brands Inc:Expects comparable basis diluted EPS to be in the range of $3.95 to $4.15 a share for FY 2015.FY 2015 EPS of $3.99 - Thomson Reuters I/B/E/S.  Full Article

Constellation Brands Inc raises FY 2014 EPS guidance; gives FY 2014 revenue guidance above analysts' estimates - Conference Call
Wednesday, 8 Jan 2014 10:30am EST 

Constellation Brands Inc:Says FY 2014 comparable basis diluted EPS to be in the range of $3.10 to $3.20 a share, versus previous guidance of $2.80 to $3.10 a share.Says strong beer business performance is driving the upward revision to FY 2014 guidance.Says for FY 2014, it is now targeting net sales growth in the high single-digits.The company reported revenue of $2.796 billion in FY 2013.FY 2014 revenue of $4.859 billion and EPS of $3.05 - Thomson Reuters I/B/E/S Estimates.  Full Article

Constellation Brands Inc Issues FY 2014 EPS Guidance In Line With Analysts' Estimates-Conference Call
Thursday, 3 Oct 2013 02:30pm EDT 

Constellation Brands Inc announced that for fiscal 2014, it expects comparable basis diluted EPS to be in the range of $2.80 to $3.10 a share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.92 for fiscal 2014.  Full Article

Grupo Modelo SAB de CV Completes Sale of Its US Business To Constellation Brands, Inc; Establishes Transition Services Agreement With Anheuser Busch Inbev SA And Constellation Brands, Inc
Friday, 7 Jun 2013 04:24pm EDT 

Grupo Modelo SAB de CV (Grupo Modelo) announced that it on June 7, 2013 it completed the sale of Grupo Modelo’s United States business to Constellation Brands, Inc (Constellation). The transaction includes the sale of Grupo Modelo’s Piedras Negras brewery, Grupo Modelo’s 50% stake in Crown Imports and perpetual rights to Grupo Modelo’s brands distributed by Crown in the United States. Constellation will now be an independent brewer and marketer of beer in the United States. Grupo Modelo, Anheuser Busch Inbev SA (AB InBev) and Constellation have established a three-year transition services agreement to ensure the smooth transition of the operation of the Piedras Negras brewery. During this timeframe, Constellation has committed to invest approximately USD 500million-USD 600 million to expand the Piedras Negras facility, which will ultimately enable it to supply 100% of Crown’s needs for the United States marketplace. This transaction is related to the combination of AB InBev and Grupo Modelo, which was completed on June 4, 2013.  Full Article

Constellation Brands Inc Completes Acquisition Of Grupo Modelo's U.S. Beer Business
Friday, 7 Jun 2013 04:01pm EDT 

Constellation Brands Inc announced that it has completed its acquisition of Grupo Modelo's U.S. beer business from Anheuser-Busch InBev for approximately $4.75 billion. The transaction includes full ownership of Crown Imports LLC which provides Constellation with complete, independent control of all aspects of the U.S. commercial business; a brewery in Nava (Piedras Negras), Mexico; exclusive perpetual brand license in the U.S. to import, market and sell Corona and the Modelo brands Crown sells and the freedom to develop brand extensions and innovations for the U.S. market.  Full Article

Grupo Modelo SAB de CV Issues Prospectus On Corporate Restructuring And Divestiture Of Certain Assets, Including Sale Of Total Stake In Crown Imports LLC To Constellation Brands Inc
Wednesday, 15 May 2013 07:15pm EDT 

Grupo Modelo SAB de CV announced that it has issued the Prospectus on its Corporate Restructuring, which consists of carrying out divestiture of certain assets of the Company, and in particular confirming the sale of the total stake which the Company holds, through GModelo Corporation Inc., in Crown Imports LLC to Constellation Brands Inc; the sale of the brewery of Piedras Negras, Coahuila, through the sale of 100% of Compania Cervecera de Coahuila S de RL de CV and Servicios Modelo de Coahuila S de RL de CV; other operations related with the sale of Crown and Piedras Negras.  Full Article

Constellation Brands Inc Closes Debt Offering And Completes Arrangements For Other Permanent Financing For Beer Acquisition
Tuesday, 14 May 2013 04:02pm EDT 

Constellation Brands Inc announced that it has completed the sale of $1,550 million aggregate principal amount of Senior Notes consisting of $500 million of 3.75% Senior Notes due 2021 and $1,050 million of 4.25% Senior Notes due 2023. The Notes are senior obligations that rank equally with the Company's other senior unsecured indebtedness. The notes are and will be guaranteed by the subsidiaries that are guarantors under the Company's senior credit facility. In addition, on May 2, 2013, Constellation entered into an amended and restated credit agreement. Among other changes, this agreement creates a $1,500 million delayed draw European term loan facility consisting of a committed $500 million European Term A loan facility and a $1,000 million European Term B loan facility and a new committed $675 million delayed draw U.S. term loan facility. The company expects to use the net proceeds from the sale of the notes and the European and U.S. term loans, plus cash on hand, revolver borrowings under the company's senior credit facility, and borrowings under the company's accounts receivable securitization facility to fund its previously announced beer business transaction.  Full Article

Court Allows Settlement Among the Department of Justice, Anheuser Busch Inbev SA, Grupo Modelo SAB de CV and Constellation Brands Inc
Monday, 22 Apr 2013 05:39pm EDT 

Grupo Modelo SAB de CV announced that on April 22, 2013 the Court signed the previously announced stipulation and order between Grupo Modelo SAB de CV (Grupo Modelo), Anheuser Busch Inbev SA (AB Inbev), Constellation Brands Inc and the Department of Justice that resolves the Department of Justice’s challenge to AB Inbev’s proposed acquisition of the remaining shares of Grupo Modelo that it does not already own. The parties had requested the Court's signature of the stipulation and order on April 19, 2013. Grupo Modelo expects to complete the transaction in June 2013.  Full Article

Constellation Brands Inc Issues FY 2014 EPS Guidance In Line With Analysts' Estimates-Conference Call
Wednesday, 10 Apr 2013 02:30pm EDT 

Constellation Brands Inc announced that it is forecasting comparable-basis diluted EPS to be in the range of $2.55-$2.85 a share. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $2.78 for fiscal 2014.  Full Article

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