NEWS RELEASE |
CONTACTS:
|
Media
Relations:
|
|
Mike
Martin -
585-218-3669
|
|
John
Lute -
416-929-5883
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|
Investor
Relations:
|
|
Lisa
Schnorr
- 585-218-3677
|
|
Bob
Czudak -
585-218-3668
|
§ |
Constellation’s
best and final offer for Vincor is C$33 cash per share, in the
absence of
an agreement with Vincor’s board.
|
§ |
Constellation
could raise its offer to C$35 cash per share if, and only if, all
of the
following terms are met:
|
1) |
Vincor’s
board supports the transaction;
|
2) |
Vincor’s
board agrees to customary cooperation throughout the sale, transition
and
integration process; and
|
3) |
Acceptable
confirmatory due diligence.
|
§ |
There
are no
ongoing discussions with Vincor.
|
§ |
Constellation
is prepared to let the offer expire on December 8, unless the offer
is
accepted or an agreement is entered into with Vincor before that
deadline.
|
§ |
If
Vincor's
shareholders want to accept Constellation’s enhanced C$33 cash per share
offer, they must tender their shares on, or before, December 8.
|
§ |
If
Vincor's
board wants to act in the best interests of its shareholders, and
provide
its shareholders with the possibility of an offer at C$35 cash
per share,
the board must act now.
|