Press Release

Kirkland Represents Constellation Brands on Share Reclassification

Kirkland & Ellis advised Constellation Brands (NYSE: STZ and STZ.B), a leading beverage alcohol company, on the elimination of the company’s Class B common stock, following the recommendation of a special committee comprised solely of independent directors. The proposed transaction contemplates that each outstanding share of the company’s Class B common stock, including those owned by the Sands Family, will be converted into the right to receive one share of Class A common stock plus cash consideration in the amount of $64.64 per share of Class B common stock, or a total amount of $1.5 billion. 

Read the transaction press release

The Kirkland team was led by corporate partners Eric Schiele, David Klein and Carlo Zenkner and associate Peter Fritz, capital markets partners Sophia Hudson and Jennifer Lee, executive compensation partners Scott Price and Jared Whalen, tax partners Dean Shulman and Joseph Tootle, and debt finance partners Rachael Lichman and Jordan Roberts.