Constellation Brands Evolves Spirits Portfolio
Last constellation brands, inc earnings: 10/3 07:30 am
Check Earnings Report
US:NYSE Investor Relations: cbrands.com/investors
Signs agreement with Heaven Hill Brands to divest Black Velvet Canadian WhiskyDecision aligns with wine and spirits business transformation strategy VICTOR, N.Y., Aug. 12, 2019 (GLOBE NEWSWIRE) -- Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today 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 USD, subject to closing adjustments. This transaction is subject to regulatory approvals and is expected to close in the second half of calendar 2019. “We are relentlessly focused on the consumer and building a portfolio of brands consumers love today, while pushing beyond to meet their evolving needs well into the future," said Bill Newlands, Constellation Brands preside
[Read more]
| Impact snapshot | Event time: | STZ | ||||
|---|---|---|---|---|---|---|
|
Last Price
|
Price Change
|
Price Change %
|
Volume Shares
|
Max Up
|
Max Down
|
Volume Ratio
%
|
Performance comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last price | ||
| VWAP | ||
|
High:
|
Max up |
High:
|
|
Low:
|
Max down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event Day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance Since Event
Time and Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
SIGN UP TODAY
Opt-in for
STZ alerts
STZ alerts
from News Quantified
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STZ alerts
High impacting Constellation Brands, Inc news events
Weekly update
A roundup of the hottest topics
STZ
News
- Canada Legalizes Marijuana Derivatives Today: 6 Things You Need to Know [The Motley Fool]The Motley Fool
- Modelo Partners with Anderson .Paak and iHeartMedia for Concerts Benefitting Refugees, Immigrants and Americans In NeedGlobeNewswire
- Why Anheuser-Busch InBev Has Thrived Since It Slashed Its Dividend [The Motley Fool]The Motley Fool
- Can Casa Noble Redefine Premium Tequila? Jose (Pepe) Hermosillo: The Forbes Interview [Forbes]Forbes
- Here's How Much Constellation Brands Has Lost on Canopy Growth So Far [The Motley Fool]The Motley Fool
- More
STZ
SEC Filings
- 10/11/19 - Form 3
- 10/4/19 - Form 8-K
- 10/3/19 - Form 10-Q
- STZ's page on the SEC website
- More