Market research
Canandaigua Brands, Inc. (NYSE: CDB and CDB.B), announced today that its stockholders have approved the Company's name change to Constellation Brands, Inc. The name change, which will become effective September 19, 2000, was approved at a special meeting of stockholders held today. Commencing on September 20, 2000, Constellation's ticker symbols on the New York Stock Exchange will change to STZ for the Company's Class A Common Stock and STZ.B for its Class B Common Stock.Commenting on the name change to Constellation, Richard Sands, Chairman, President and Chief Executive Officer, noted: "The change of our corporate name to Constellation signifies a new and exciting chapter in our history, one that is reinforced by the growth and expansion in products we have enjoyed over the past several years. We are excited about the opportunities we see ahead."The Constellation Companies -- Barton, Canandaigua Wine, Franciscan Estates and Matthew Clark -- will retain their names and current operating structure.The new Constellation Brands, Inc., headquartered in Fairport, New York, is a leader in the production, marketing, and distribution of beverage alcohol products in North America and the United Kingdom. The company markets leading brands of imported beers, wines, spirits, cider and bottled water, and is a leading drinks wholesaler in the United Kingdom.
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