Welcome to our dedicated page for STZ-B news (Ticker: STZ-B), a resource for investors and traders seeking the latest updates and insights on STZ-B stock.
Constellation Brands (NYSE: STZ) is a global leader in premium beverage alcohol with iconic brands including Corona beer, Robert Mondavi wines, and Casa Noble tequila. This news hub provides investors and industry observers with real-time updates on corporate developments, financial performance, and strategic initiatives shaping the future of this Fortune 500 company.
Access official press releases and verified news covering STZ-B's operational milestones, including product innovations, sustainability progress, market expansions, and leadership updates. Our curated collection serves as your primary source for understanding the company's position in the competitive beer, wine, and spirits landscape.
Key content categories include quarterly earnings announcements, merger & acquisition activity, brand portfolio updates, and environmental stewardship initiatives. All materials are presented in chronological order to help track the company's evolution and decision-making patterns.
Bookmark this page for convenient access to STZ-B's latest corporate communications. Combine these updates with fundamental analysis tools to make informed observations about the company's market performance and long-term strategy.
Constellation Brands (NYSE: STZ) has received an unsolicited mini-tender offer from TRC Capital Investment Corporation for up to 500,000 shares of its Class A common stock at $210.00 per share, representing a 5% discount from the market price of $219.99 on January 15, 2021. Constellation disassociates itself from TRC and advises stockholders against tendering shares, cautioning them about the offer's below-market price. TRC has a history of similar offers, which typically provide less investor protection than standard tender offers, raising concerns over potential investor risks.
Constellation Brands (NYSE: STZ and STZ.B) has successfully completed the sale of its Paul Masson Grande Amber Brandy brand to Sazerac for approximately $265 million. This transaction aims to streamline operations and enhance revenue growth by focusing on premium brands that align with consumer trends. This follows recent divestitures, including partnerships with E. & J. Gallo Winery and Vie-Del Company, as Constellation continues to refine its product portfolio.
Constellation Brands (NYSE: STZ and STZ.B) reported its third quarter fiscal 2021 results on January 7, 2021. Key highlights include continued growth in high-end beer brands such as Corona and Modelo, supporting its position as a leader in the beverage alcohol market. A conference call discussing the results and future outlook is set for January 7, 2021, at 11:30 a.m. (EST). More information is available through their investor relations page.
Constellation Brands (NYSE: STZ and STZ.B) announced the full redemption of its outstanding 3.75% Senior Notes due 2021, totaling $500 million, to occur on February 4, 2021. The redemption will include a make-whole premium estimated at $4 million. This proactive step reflects the company's financial strategy aimed at optimizing its debt profile.
Constellation Brands has finalized the divestiture of part of its wine and spirits portfolio to E. & J. Gallo Winery for approximately $810 million, primarily consisting of $560 million in cash at closing and up to $250 million in potential earnouts. The divestment includes brands priced at $11 retail and below, with related facilities in California, New York, and Washington. Additionally, the company sold the Nobilo wine brand for around $130 million and is expecting to close a sale of the Paul Masson Grande Amber Brandy for approximately $255 million.
Constellation Brands (NYSE: STZ and STZ.B) announced that the U.S. Federal Trade Commission (FTC) has approved the proposed consent order for the company's divestiture of certain wine and spirits assets to E. & J. Gallo Winery. The transaction, valued at $11 retail and below, is set to close the week of January 4, 2021. The FTC also approved separate divestitures to Sazerac and Vie-Del Company. This approval fulfills all antitrust requirements, allowing Constellation to proceed with the transactions.
Constellation Brands (NYSE: STZ, STZ-B) announced it will report its fiscal Q3 2021 results on January 7, 2021, prior to U.S. market opening. The results will be discussed in a conference call hosted by CEO Bill Newlands and CFO Garth Hankinson at 11:30 a.m. EST. A live webcast will also be available on the company’s website. Constellation Brands, a major player in the beverage alcohol industry, operates in the U.S., Mexico, New Zealand, and Italy, focusing on premium beer, wine, and spirits.
Constellation Brands (NYSE: STZ, STZ.B) announced that CFO Garth Hankinson will virtually present at the 2020 Morgan Stanley Conference on December 2, 2020, at 1:00 p.m. ET. The presentation will highlight the company's strategic initiatives, financial metrics, and product portfolio performance, along with future outlook.
A live webcast of the presentation will be available on www.cbrands.com. A replay will be accessible until January 6, 2021.
Constellation Brands (NYSE: STZ, STZ.B) announced an agreement with E. & J. Gallo Winery concerning Gallo's acquisition of parts of Constellation's wine and spirits portfolio, valued at approximately $1.03 billion. The FTC review process is in final stages, with expected closure by Q4 of fiscal 2021. Constellation anticipates maintaining its 7%-9% growth projection for its Beer Business, despite COVID-19 challenges. Ongoing divestitures include the Nobilo Wine brand for $130 million and the Paul Masson brand for $255 million.
Constellation Brands has announced its plans to redeem all outstanding Senior Floating Rate Notes due 2021, totaling $650 million. This redemption will take place on November 30, 2020, at 100% of the principal amount plus accrued interest. This strategic financial move reflects Constellation's commitment to managing its debt effectively. The company is a leading player in the beverage alcohol sector, known for brands like Corona and Modelo, and is continuously focusing on strengthening its market position.
