Beer shares fall on Trump plans for trade
Investors cheered after Constellation Brands acquired the U.S. rights to Anheuser-Busch InBev’s fast-growing Mexican beers in a $5 billion-plus deal in 2013. On Wednesday? Not so much.
Shares in Constellation were 8.3 percent lower at $152.76 in early afternoon trade on concern a Donald Trump presidency could hurt the largest U.S. distributor of Mexican beer, including Corona, the country’s top-selling import.
Source: Wall Street Journal