Constellation brands and e. & j. gallo further revise wine and spirits agreement in connection with federal trade commission review process

Victor, n.y., may 28, 2020 (globe newswire) -- constellation brands, inc. (nyse: stz and stz.b), a leading beverage alcohol company, announced today that it and e. & j. gallo winery have further revised their original transaction to divest a portion of constellation’s wine and spirits portfolio principally priced at $11 retail and below, including certain related facilities located in california, new york, and washington. the new agreement amends and restates the original agreement announced in april 2019 and the revised agreement announced in december 2019.
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