Constellation Brands to buy Ballast Point for $1 Billion

Constellation Brands (NYSE: STZ) has announced the acquisition of San Diego-based Ballast Point Brewing & Spirits. Ballast Point filed paperwork with the SEC last month in preparation for taking the company public. Now, in lieu of an IPO, their quest for capital has been fulfilled in a deal valued at approximately $1 billion. This valuation for … [ Read more]