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Constellation Brands, Inc. (CBI),
STZ issued the following statement today in response to the U.S. Department
of Justice's (DOJ) action concerning the proposed Anheuser-Busch InBev-Grupo
Modelo transaction.
Constellation Brands is disappointed with the DOJ decision. The proposed
transaction would further establish Crown Imports as a more independent and
competitive entity and solidify its position as a major player in the U.S.
beer industry. We will provide further comment when appropriate.
Given today's development, we no longer expect the deal to close during the
first calendar quarter of 2013 but we ultimately look forward to an
expeditious resolution.
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