We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.
| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Constellation Brands Inc | NYSE:STZ | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.56 | 0 | 01:00:00 |
From May 2019 to May 2024
By Colin Kellaher
Constellation Brands Inc. (STZ) Thursday said it agreed to sell its New Zealand-based Nobilo Wine brand and related assets to E. & J. Gallo Winery Inc. for $130 million.
The Victor, N.Y., beer and spirits company said the transaction is separate from the revised larger deal it reached with Gallo aimed at addressing competitive concerns raised by the U.S. Federal Trade Commission.
Constellation said it expects to complete the sale of the Nobilo brand, which had net sales of nearly $40 million on volume of roughly 550,000 cases for the 12 months ended Aug. 31, in the first half of fiscal 2021.
In total, the businesses privately held Gallo is acquiring in both transactions had net sales of $860 million on volume of about 22 million cases for the same 12-month period, Constellation said.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
December 12, 2019 10:36 ET (15:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
1 Year Constellation Brands Chart |
1 Month Constellation Brands Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
