Exhibit 99.4
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Constellation Brands, Inc.
370 Woodcliff Drive, Suite 300
Fairport, New York 14450 |
October 20, 2005
Dear Vincor Shareholder:
We are pleased to send you the accompanying offer to purchase
all of the outstanding Common Shares and associated Poison Pill
Rights of Vincor International Inc. at a price of C$31.00 cash
per share.
This offer delivers significant value for Vincor shareholders
since it represents a 34.7% premium over the average closing
price of Vincor shares on the Toronto Stock Exchange for the 20
trading day period ending September 27, 2005, the last
trading day before Constellation announced its proposal to
acquire Vincor in a negotiated transaction.
Vincor has rejected our efforts to complete a negotiated
transaction. If Vincor has any process to maximize shareholder
value, it remains unclear to us and Constellation has been
excluded from it. Therefore, we feel compelled to make our Offer
available directly to you so that you can have the opportunity
to realize a superior, immediate and certain value for your
shares.
Our offer is open for acceptance until 5:00 p.m. (Toronto time)
on November 28, 2005. We urge you to review the details of
the Offer in the enclosed materials and, should you have any
questions, contact Innisfree M&A Incorporated, our
information agent, at the numbers shown in the Offer, or your
own professional advisor.
We appreciate your consideration of this premium offer for your
Vincor shares.
Sincerely,
(signed) Richard Sands
Richard Sands
Chairman of the Board
and Chief Executive Officer
Constellation Brands, Inc.