US: Constellation seeks approval to raise number of shares - correction
By Chris Brook-Carter | 17 June 2002
As reported in just-drinks last week, US drinks producer Constellation Brands is seeking shareholder approval to raise the number of its Class A common stock to 275m shares from 150m shares and to increase to 30m shares from 20m shares its Class B shares. However the story failed to report that, in a proxy filed last week with the Securities and Exchange Commission, Constellation said it has "no plans, understandings, agreements or arrangements for issuing any shares."
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As reported in just-drinks last week, US drinks producer Constellation Brands is seeking shareholder approval to raise the number of its Class A common stock to 275m shares from 150m shares and to increase to 30m shares from 20m shares its Class B shares. However the story failed to report that, in a proxy filed last week with the Securities and Exchange Commission, Constellation said it has "no plans, understandings, agreements or arrangements for issuing any shares."
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