Constellation Brands Inc : Constellation Brands Statement Regarding U.S.
Department of Justice Action
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
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
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
Media Investor Relations
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Source: Constellation Brands Inc via Thomson Reuters ONE
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