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Constellation Brands Inc.



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Constellation sees higher free cash flow on currency hedges

Market Watch (Free subscription) | 02/12/2008

SAN FRANCISCO (MarketWatch) -- Constellation Brands Inc. said late Tuesday it expects higher-than-expected foreign currency hedges that will allow the company to help lower its debt. Constellation expects fiscal 2009 free cash flow guidance of $360 million to $390 million, up from a previous estimate of $310 million to $340 million. The company lowered its full-year earnings estimate...

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Molson Coors takes interest in Foster's

Reuters (Free subscription) | 06/11/2008

... to decide early next year on what to do with its troubled wine unit, which ranks globally behind Constellation Brands Inc (STZ.N: , , , ). If its beer operations become a stand-alone business, analysts said they could be worth at least A$10 billion ($7 billion) to another brewer.Foster's has already appointed advisers on a defense as investors speculate that global brewers would be interested...