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¡¤Constellation sells value spirits for $334 mln
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·Constellation sells value spirits for $334 mln 1/13
 Constellation Brands (STZ.N) said on Monday it agreed to sell its value spirits brands to Sazerac Co for $334 million, sending shares of the alcoholic drinks maker up 3 percent.


Constellation, the world's largest wine producer, said it will use an expected $210 million in after-tax proceeds from the sale to reduce its debt. It expects to close the deal by the end of February.

Constellatio ...
·Smaller UK wine retailers bullish about 2009 1/12
·Wine-ology: Wines are blended for color and flavor 1/12
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