Days are Numbered for Constellation Canadian Wine Business

Constellation Brands has put its Canadian wine business on the auction block, and is already looking at offers from "several" parties, according to WSJ. Companies interested in the business include: Ontario Teachers' Pension Plan, another strategic buyer from the alcohol industry. Anonymous sources says it could bring in more than $1 billion. Constellation's Canadian business represents about 20% of the wine division (about $600+ million), according to Nik Modi, RBC Capital analyst, who follows Constellation. The division includes eight Canadian