Constellation Brands Gains Most 27 Years on Corona Deal

Constellation Brands Inc. soared the most in more than two decades after winning full control of the Corona beer brand in the U.S. as Anheuser-Busch InBev NV sought to salvage its bid to buy the rest of Grupo Modelo SAB.

The shares advanced 37 percent to $43.75 at the close in New York. The jump for the Victor, New York-based company was the biggest since July 1986 and the largest gain in the Standard & Poor’s 500 Index today.