Subsequent Event |
6 Months Ended |
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Aug. 31, 2016 | |
| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
SUBSEQUENT EVENT:
High West –
In September 2016, we signed a definitive agreement and plan of merger to acquire all of the issued and outstanding common and preferred membership interests of High West Holdings, LLC, for approximately $160 million, subject to customary closing conditions and adjustments (“High West”). The acquisition includes a portfolio of high-end craft whiskeys and other select spirits offerings. The transaction is expected to close by the end of October. The results of operations of High West will be reported in the Wine and Spirits segment and will be included in our consolidated results of operations from the date of acquisition.
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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