Brown-Forman

Constellation Brands Inc. (STZ), on the verge of acquiring the U.S. assets of a Mexican brewer that will result in a significant cash windfall, is mulling future shareholder-friendly plans that could include buying back shares and a first-ever dividend payment.The wine and spirits company in early June is poised to close on a $4.75 billion deal to buy out Mexican brewer Grupo Modelo SAB de CV's (GPMCY, GMODELO.MX) half of Crown Imports LLC, their joint venture that supplies the U.S. with beers such as Corona and Modelo Especial.The deal will nearly double Constellation's sales and result in more than $1 billion in free cash flow annually, twice the amount the company has generated in recent years. The sharply higher cash haul is part of why investors and many Wall Street analysts have praised the deal.In a recent interview with Dow Jones Newswires, Chief Financial Officer Bob Ryder said once Constellation paid down debt to a desirable level, the company would consider implementing a di...

Read More ›