Close the transaction to divest the Nobilo Wine brand and related assets to E. & J. Gallo
Delivered after the deadline (127 days after the deadline)
AI-confirmed · human review in progress Independent AI checks agreed on primary SEC or regulator evidence. Records are now being reviewed by hand, starting with those our customers order.
- Announced
- 28 May 2020
- Due
- 31 Aug 2020
- Delivered
- 5 Jan 2021
- Deadline
- Met
- Late
- Not met
- Today
What the company said
“Constellation also expects to close its separate but related transaction with Gallo to divest the New Zealand-based Nobilo Wine brand and related assets for $130 million, by the end of the second quarter of fiscal”
What we found
Evidence strength A What the grades mean
The company failed to close the Nobilo Wine divestiture by the original Q2 fiscal 2021 deadline, ultimately completing the transaction on January 5, 2021.
-
A Constellation Brands 10-Q filed 2020-10-01
“The Nobilo Wine Transaction is expected to close by the end of third quarter of fiscal 2021” ✓ confirmed on the page
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A Constellation Brands 10-K filed 2021-04-20
“On January 5, 2021, in a separate, but related transaction with the same buyer, Gallo, we also sold the New Zealand-based Nobilo Wine brand and certain related assets.” ✓ confirmed on the page
Market reaction: the shares moved -4.6% against the S&P 500 over the three sessions around the disclosure (30 Sep 2020 to 5 Oct 2020). What this measures
Checked 18 Oct 2026.
Commitment DNA
The structured record of this commitment. Fields the company did not state are left blank rather than guessed.
- Event type
- Acquisition close
- Indicative materiality
- High rules
- Action
- Close
- Deliverable
- Nobilo Wine brand divestiture
- Where
- New Zealand
- Language
- Expected (“expects”, “plans”)
- In the company’s control
- Medium
- Specificity
- High
- Conditional
- Yes: subject to FTC review and clearance
- Depends on
- Regulatory, Counterparty
How this entry was checked
- Commitment recordedThe company's words were matched word for word against the filing.
- First checkAn AI model, Gemini (Google), read the company's later filings and recorded the outcome with a quoted passage.
- Second check: agreesA different AI model, Claude (Anthropic), re-read the evidence without being told the outcome and reached the same answer.
Confirmed. This outcome counts towards the company's Kept Score. How verification works
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Report an error in this entry Reference: KI-C-2020-STZ-014327 · Corrections policy