ABI-Modelo Deal: An agreement in principle has been reached
Stay Requested

Dear Client: Crown chief Bill Hackett has just sent a memo to Crown Imports' distributors, BBD has learned. "I am happy to share an update with you that an agreement in principle has been reached among the Department of Justice (DOJ) and Constellation Brands, Crown Imports, Anheuser-Busch InBev and Grupo Modelo. Additionally, the parties have requested an extension of the present stay of proceedings until April 23, 2013, to finalize the proposed consent judgment and related documentation," he wrote. "We