VICTOR, N.Y., Aug 23, 2010 /PRNewswire via COMTEX/ --
Constellation Brands, Inc. (NYSE: STZ, ASX: CBR), the world's leading wine company, announced today that it has taken steps to delist from the Australian Securities Exchange (ASX) by the end of fiscal year 2011, (Feb. 28, 2011). The company made the decision due to the securities being thinly traded in Australia, coupled with the additional complexity of administration and compliance associated with this listing.
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The ASX delisting effort is not a share buyback and does not have an impact on the company's securities listed on the New York Stock Exchange. Additionally, the delisting process does not impact the company's Australian business operations.
About Constellation Brands
Constellation Brands is the world's leading wine company that achieves success through an unmatched knowledge of wine consumers, storied brands that suit varied lives and tastes, and 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, Hardys, Clos du Bois, Blackstone, Arbor Mist, Estancia, Ravenswood, Jackson-Triggs, Kim Crawford, Corona Extra, Black Velvet Canadian Whisky and SVEDKA Vodka.
Constellation Brands (NYSE: STZ and STZ.B; ASX: CBR) is an S&P 500 Index and Fortune 1000(R) company with more than 100 brands in our portfolio, sales in about 150 countries and operations at more than 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 web site at www.cbrands.com.
SOURCE Constellation Brands, Inc.