Aug 15 (Reuters) - Constellation Brands Inc (NYSE:STZ) STZ.N :
* CONSTELLATION BRANDS TO INVEST $5 BILLION CAD ($4 BILLION USD) IN CANOPY GROWTH TO ESTABLISH TRANSFORMATIVE GLOBAL POSITION AND ALIGNMENT
* CONSTELLATION BRANDS INC - WILL INCREASE ITS OWNERSHIP INTEREST IN CANOPY GROWTH BY ACQUIRING 104.5 MILLION SHARES DIRECTLY FROM CANOPY GROWTH
* CONSTELLATION BRANDS - WILL NOMINATE 4 DIRECTORS TO CANOPY GROWTH'S SEVEN-MEMBER BOARD OF DIRECTORS, CHAIRED BY FOUNDER BRUCE LINTON
* CONSTELLATION BRANDS INC - ACQUIRING NEW SHARES AT A PRICE OF C$48.60 PER SHARE
* CONSTELLATION BRANDS - CANOPY GROWTH WILL REMAIN A CANADIAN PUBLICLY-TRADED COMPANY HEADQUARTERED IN SMITHS FALLS
* CONSTELLATION BRANDS INC - CANOPY GROWTH WILL CONTINUE TO BE LED BY ITS EXISTING MANAGEMENT TEAM
* CONSTELLATION BRANDS - CANOPY GROWTH WILL REMAIN A CANADIAN PUBLICLY-TRADED CO AND WILL CONTINUE TO BE LED BY ITS EXISTING MANAGEMENT TEAM
* CONSTELLATION BRANDS INC - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO COMPANY'S FULL YEAR DILUTED EARNINGS PER SHARE IN FISCAL 2021
* CONSTELLATION BRANDS - BANK OF AMERICA MERRILL LYNCH IS PROVIDING COMMITTED FINANCING FOR DEAL
* CONSTELLATION BRANDS-TO ALSO RECEIVE ADDITIONAL WARRANTS OF CANOPY THAT, IF EXERCISED, WOULD PROVIDE FOR AT LEAST ADDITIONAL C$4.5 BILLION TO CANOPY
* CONSTELLATION BRANDS INC - IF CONSTELLATION WERE TO EXERCISE ALL EXISTING AND NEW WARRANTS, ITS OWNERSHIP WOULD EXCEED 50 PERCENT
* CONSTELLATION BRANDS INC - AS PART OF ITS INVESTMENT, CONSTELLATION IS RECEIVING 139.7 MILLION NEW WARRANTS WHICH ARE EXERCISABLE OVER NEXT 3 YEARS