Constellation brands recommends shareholders reject trc capital's “mini-tender offer”

Victor, n.y., feb. 11, 2021 (globe newswire) -- constellation brands, inc. (nyse: stz) (“constellation”) has been notified of an unsolicited “mini-tender” offer by trc capital investment corporation (“trc”) to purchase up to 500,000 shares, or approximately 0.29 percent, of constellation's outstanding class a common stock at a price of $210.00 per share in cash. trc's unsolicited offer price is approximately 5 percent less than the $219.99 closing price of constellation's class a common stock on january 15, 2021, the last trading day prior to the commencement of the mini-tender offer. furthermore, trc's unsolicited offer price is approximately 13 percent less than the $240.34 closing price of constellation's class a common stock on february 10, 2021.
STZ-B Ratings Summary
STZ-B Quant Ranking