Constellation Brands Evolves Spirits Portfolio
Constellation Brands, Inc. (STZ)
Last constellation brands, inc. earnings: 4/3 07:30 am
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Source: GlobeNewswire
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
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News
- Constellation Brands, Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/STZ/price-target/">NYSE: STZ</a>) had its price target lowered by analysts at Credit Suisse Group AG from $295.00 to $292.00.MarketBeat
- Constellation Brands, Inc. (<a href="https://www.marketbeat.com/stocks/NYSE/STZ/price-target/">NYSE: STZ</a>) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $248.00 to $240.00.MarketBeat
- Constellation Brands, Inc. (STZ) CEO Bill Newlands on Q1 2023 Results - Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Pot Grower Canopy Crumbles on Deal to Swap Debt for Shares, Cash [Business News Network (BNN) (Canada)]Business News Network
- Constellation Brands Gaps Lower Despite Earnings Beat [TheStreet.com]TheStreet.com
STZ
Earnings
- 6/30/22 - Miss
STZ
Sec Filings
- 7/1/22 - Form SC
- 7/1/22 - Form 425
- 7/1/22 - Form 425
- STZ's page on the SEC website