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Constellation Brands Statement Regarding Discussions with DOJ


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Copyright © Thomson Reuters 2013. All rights reserved.
2013-02-20 23:16:45 -

VICTOR, N.Y., Feb. 20, 2013 - Constellation Brands, Inc. (NYSE: STZ and STZ.B),
Anheuser-Busch InBev (Euronext: ABI; NYSE: BUD), Grupo Modelo, S.A.B. de C.V.
(BMV: GMODELOC), and Crown Imports LLC are engaged in discussions with the U.S.
Department of Justice seeking to resolve the Department of Justice's litigation
challenging AB InBev's proposed acquisition of the remaining stake in Grupo
Modelo that it does not already own. In connection with such discussions, the
parties and the Department of Justice have agreed to jointly approach the court
to request a stay of all litigation proceedings until March 19, 2013.  There can
be no assurance that the discussions will be successful.

Constellation believes that the revised transaction resolves the concerns raised
in the DOJ's complaint.

About Constellation Brands

Constellation Brands is the world's leading premium 
wine company that achieves success through an unmatched knowledge of wine consumers, storied brands that suit varied lives and tastes, and more than 4,400 talented employees worldwide. With a broad portfolio of widely admired premium products across the wine, beer and spirits categories, Constellation's brand portfolio includes Robert Mondavi, Clos du Bois, Kim Crawford, Inniskillin, Franciscan Estate, Mark West, Ruffino, Simi, Estancia, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka. Constellation Brands (NYSE: STZ and STZ.B) is a S&P 500 Index and Fortune 1000® company with more than 100 brands in our portfolio, sales in about 100 countries and operations in approximately 40 facilities. The company believes that industry leadership involves a commitment to our brands, to the trade, to the land, to investors and to different people around the world who turn to our products when celebrating big moments or enjoying quiet ones. We express this commitment through our vision: to elevate life with every glass raised. To learn more about Constellation, visit the company's website at www.cbrands.com. CONTACTS Media Angela Howland Blackwell: 585-678-7141 Cheryl Gossin: 585-678-7191 Investor Relations Patty Yahn-Urlaub: 585-678-7483 Bob Czudak: 585-678-7170 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Constellation Brands Inc via Thomson Reuters ONE [HUG#1679838]


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