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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Constellation Brands Inc | NYSE:STZ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.13 | 0.05% | 254.08 | 255.6974 | 253.39 | 254.36 | 694,239 | 01:00:00 |
From May 2023 to May 2024
By Sabela Ojea
Funky Buddha Lounge & Brewery said Friday that Constellation Brands has agreed to sell the beer company to its original co-founders.
The reacquisition of the company, bought by the beverage group Constellation Brands in 2017, is targeted for June.
Funky Buddha Brewery's flagship beer portfolio, including Floridian and Hop Gun, will remain available for distribution, the company said.
"As we embark on the next chapter, we plan to push boundaries and create entirely new drinking experiences in beer and beyond," Co-Founder Ryan Sentz said.
The company didn't disclose financial details on the transaction.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
May 26, 2023 16:13 ET (20:13 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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