Constellation Brands Inc : Constellation Brands Statement Regarding
Discussions with DOJ
VICTOR, N.Y., March 15, 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 have made substantial progress
in their discussions with the U.S. Department of Justice toward resolution of
the Department of Justice's litigation, relating to AB InBev's proposed
acquisition of the remaining stake in Grupo Modelo it does not already own,
based on the terms of the revised transaction announced on Feb. 14, 2013.
Today, the companies and the Department of Justice jointly approached the
Court to request an extension of the stay on their current litigation,
currently due to expire on March 19, 2013, to April 9, 2013. The parties agree
that an extension of the current stay will likely enable the parties to
complete their discussions. If the parties reach an agreement, they will file
a proposed consent judgment and related documentation with the Court. There
can be no assurance that the ongoing discussions will be successful.
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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