CONSTELLATION BRANDS, INC. (NYSE:STZ) Files An 8-K Regulation FD Disclosure
Item 7.01
CONSTELLATION BRANDS, INC. (NYSE:STZ) Files An 8-K Regulation FD Disclosure
On August 12, 2019, Constellation Brands, Inc. (\”Constellation\” or the \”Company\”) issued a news release regarding the evolution of its spirits portfolio, a copy of which release is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
References to Constellation’s website and/or other social media sites or platforms in the release do not incorporate by reference the information on such websites, social media sites or platforms into this Current Report on Form 8-K, and Constellation disclaims any such incorporation by reference. The information in the news release attached as Exhibit 99.1 is incorporated by reference into this Item 7.01 in satisfaction of the public disclosure requirements of Regulation FD. This information is “furnished” and not “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, and is not otherwise subject to the liabilities of that section. Such information may be incorporated by reference in another filing under the Securities Exchange Act of 1934 or the Securities Act of 1933 only if and to the extent such subsequent filing specifically references the information incorporated by reference herein.
On August 12, 2019, Constellation announced that it has signed an agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky and the brand\’s associated production facility in Lethbridge, Alberta, Canada, along with a subset of Canadian whisky brands produced at that facility. The Company expects to receive cash proceeds of approximately $266 million, subject to closing adjustments. This transaction is subject to the satisfaction of certain closing conditions, including the receipt of required regulatory approvals.
For the exhibit that is furnished herewith, see the Index to Exhibits immediately following.
INDEX TO EXHIBITS
CONSTELLATION BRANDS, INC. Exhibit
EX-99.1 2 stzex_99-1.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Constellation Brands Evolves Spirits Portfolio•Signs agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky•Decision aligns with wine and spirits business transformation strategyVICTOR,…
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EX-99.1 2 stzex_99-1.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Constellation Brands Evolves Spirits Portfolio•Signs agreement with Heaven Hill Brands to divest Black Velvet Canadian Whisky•Decision aligns with wine and spirits business transformation strategyVICTOR,…
To view the full exhibit click
hereAbout CONSTELLATION BRANDS, INC. (NYSE:STZ)
Constellation Brands, Inc. is an international beverage alcohol company. The Company is a producer and marketer of beer, wine and spirits with operations in the United States, Canada, Mexico, New Zealand and Italy. Its segments include Beer, Wine and Spirits, and Corporate Operations and Other. It is a multi-category supplier (beer, wine and spirits) of beverage alcohol in the United States. It sells a number of brands in the import and craft beer categories, including Corona Extra, Corona Light, Modelo Especial, Ballast Point and others. It is a producer and marketer of wine, and sells a number of wine brands across various categories, including table wine, sparkling wine and dessert wine, and across all price points, such as popular, premium and luxury categories. Some of its wine and spirits brands sold in the United States, which comprise its U.S. Focus Brands (Focus Brands) include Meiomi, Robert Mondavi, Wild Horse and others.
