---
schema_version: "secwatch.filing_event.v1"
accession: "0000016918-24-000198"
form_type: "8-K"
ticker: "STZ"
cik: "0000016918"
company_name: "CONSTELLATION BRANDS, INC."
filed_at: "2024-12-03T23:59:59+00:00"
generated_at: "2026-05-29T09:56:16.566710+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Constellation Brands signs agreement to sell SVEDKA vodka to Sazerac

## Summary
- SVEDKA brand divested to Sazerac; deal expected to close in coming months subject to regulatory approvals.
- Divestiture continues reshaping of wine/spirits portfolio toward premium and fine wine and craft spirits.
- CEO Bill Newlands says transaction supports optimization to meet growth objectives; no financial terms disclosed.
- Additional commentary to be provided at Dec 3 Morgan Stanley Global Consumer Conference by CFO Garth Hankinson.

## SEC filing metadata
- accession: 0000016918-24-000198
- form_type: 8-K
- ticker: STZ
- cik: 0000016918
- company_name: CONSTELLATION BRANDS, INC.
- filed_at: 2024-12-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16918/000001691824000198/0000016918-24-000198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16918/000001691824000198/stz-20241203.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016918-24-000198
- JSON: https://secwatch.observer/filing/0000016918-24-000198.json
- Plain text: https://secwatch.observer/filing/0000016918-24-000198.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.