Jim Cramer on AB InBev Deal: Buy Constellation Brands
Amid AB InBev's sale of its European beer brands to Japan-based Asahi Group for $7.8 billion, TheStreet's Jim Cramer said investors should buy shares of Constellation Brands.
AB InBev's (BUD) - Get Report sale of its European beer brands to Japan-based Asahi Group for $7.8 billion makes TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer want to buy shares of Constellation Brands (STZ) - Get Report . "STZ has been down because of fears about Mexico," Cramer said, referring to worries about a tariff on beer. "I do not think those are well-founded fears and I do think that Constellation has got a lot of wind at its back." Cramer spoke earlier from the floor of the New York Stock Exchange.
