Constellation Brands Statement Regarding U.S. Department of Justice Action
(Thomson Reuters ONE) -
VICTOR, N.Y., Jan. 31, 2013 - Constellation Brands, Inc. (CBI), (NYSE: STZ and
STZ.B) issued the following statement today in response to the U.S. Department
of Justice's (DOJ) action concerning the proposed Anheuser-Busch InBev-Grupo
Modelo transaction.
Constellation Brands is disappointed with the DOJ decision. The proposed
transaction would further establish Crown Imports as a more independent and
competitive entity and solidify its position as a major player in the U.S. beer
industry. We will provide further comment when appropriate.
Given today's development, we no longer expect the deal to close during the
first calendar quarter of 2013 but we ultimately look forward to an expeditious
resolution.
About Constellation Brands
Constellation Brands is the world's leading premium wine company that achieves
success through an unmatched knowledge of wine consumers, storied brands that
suit varied lives and tastes, and more than 4,400 talented employees worldwide.
With a broad portfolio of widely admired premium products across the wine, beer
and spirits categories, Constellation's brand portfolio includes Robert Mondavi,
Clos du Bois, Kim Crawford, Inniskillin, Franciscan Estate, Mark West, Ruffino,
Simi, Estancia, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka.
Constellation Brands (NYSE: STZ and STZ.B) is a S&P 500 Index and Fortune 1000®
company with more than 100 brands in our portfolio, sales in about 100 countries
and operations in approximately 40 facilities. The company believes that
industry leadership involves a commitment to our brands, to the trade, to the
land, to investors and to different people around the world who turn to our
products when celebrating big moments or enjoying quiet ones. We express this
commitment through our vision: to elevate life with every glass raised. To learn
more about Constellation, visit the company's website at www.cbrands.com.
CONTACTS
Media Investor Relations
Angela Howland Blackwell: 585-678-7141 Patty Yahn-Urlaub: 585-678-7483
Cheryl Gossin: 585-678-7191 Bob Czudak: 585-678-7170
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Constellation Brands Inc via Thomson Reuters ONE
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