VICTOR, N.Y., Oct. 18, 2011 - Constellation Brands, Inc. (NYSE: STZ) issued today the following statement concerning recent stock transactions by members of the Sands family.
Richard Sands, chairman, and Robert Sands, president and chief executive officer of Constellation Brands, Inc. intend to sell approximately 613,000 and 619,000 shares in total, respectively, of the company's Class A Common Stock to facilitate financial and estate planning activities. The shares being sold represent a small portion of the Sands family and related entities' holdings. Following completion of these sales, the Sands family and related entities will continue to beneficially hold approximately 30 million shares and continue to be the company's largest shareholder.
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