The US FTC imposes conditions on wine and spirits maker’s acquisition of assets from a competitor (E. & J. Gallo Winery / Constellation Brands)

FTC Imposes Conditions on E. & J. Gallo Winery’s Acquisition of Assets from Constellation Brands, Inc.* Wine and spirits maker E. & J. Gallo Winery has agreed to divest several product lines and remove certain others from its asset purchase agreement with competitor Constellation Brands, Inc. to settle Federal Trade Commission chargesthat their proposed $1.7 billion transaction would violate federal antitrust law. The FTC alleges that, absent a remedy, the proposed acquisition would eliminate head-to-head competition between Gallo and Constellation and is likely to substantially lessen competition in the United States for six types of wine and spirits products: entry-level on-premise sparkling wine, low-priced sparkling wine, low-priced

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US Federal Trade Commission, The US FTC imposes conditions on wine and spirits maker’s acquisition of assets from a competitor (E. & J. Gallo Winery / Constellation Brands), 23 December 2020, e-Competitions December 2020, Art. N° 98539

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