Constellation Brands (STZ) Tops Q4 EPS by 46c, Offers FY Outlook

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Constellation Brands (STZ) enters $500M accelerated share repurchase agreement

April 7, 2022 8:51 AM EDT

Constellation Brands, Inc. (NYSE: STZ and STZ.B), a leading beverage alcohol company, announced today that it has entered into an accelerated share repurchase (ASR) agreement with Bank of America, N.A. to repurchase $500.0 million of its Class A common stock (Common Stock). Under the ASR agreement, Constellation will receive... More