Grokking The Silver Eagle Deal

Dear Client: As we reported this morning, the nation's largest independent Anheuser-Busch house, Houston-based Silver Eagle, says it's selling its Houston-area territory to Redwood Capital Investments, J.R. Hand's partner in Chicago. John Nau will keep San Antonio and is said to be looking at houses here. Significantly, the deal is pending supplier approvals, and Silver Eagle also carries Constellation Beers, which Reyes was eye-balling at some point.  The deal has been rumored for months, and those rumors peg the deal