Constellation's acquisition of The Robert Mondavi Corporation has moved a step closer. The drinks giant announced yesterday (14 December) that the waiting period under the Hart- Scott-Rodino Antitrust Improvements Act in the US has expired in connection with its acquisition of Mondavi.

The transaction is anticipated to close in late December, Constellation said, and is subject to customary closing conditions, including approval by Mondavi's shareholders at their annual meeting scheduled for 22 December.