Constellation Brands Inc : Constellation Brands Statement Regarding
Discussions with DOJ
VICTOR, N.Y., Feb. 20, 2013 - Constellation Brands, Inc. (NYSE: STZ and
STZ.B), Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD), Grupo Modelo, S.A.B.
de C.V. (BMV: GMODELOC), and Crown Imports LLC are engaged in discussions with
the U.S. Department of Justice seeking to resolve the Department of Justice's
litigation challenging AB InBev's proposed acquisition of the remaining stake
in Grupo Modelo that it does not already own. In connection with such
discussions, the parties and the Department of Justice have agreed to jointly
approach the court to request a stay of all litigation proceedings until March
19, 2013. There can be no assurance that the discussions will be successful.
Constellation believes that the revised transaction resolves the concerns
raised in the DOJ's complaint.
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
Angela Howland Blackwell: 585-678-7141
Cheryl Gossin: 585-678-7191
Patty Yahn-Urlaub: 585-678-7483
Bob Czudak: 585-678-7170
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information contained therein.
Source: Constellation Brands Inc via Thomson Reuters ONE
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