26 Quotes by Richard Sands

Year-after-year growth is what makes a company worth more, not one-time synergies that undermine potential growth. So we are baffled by their statements and their actions and absolutely do not consider our offer in any way opportunistic.

We are committed to completing this transaction with Vincor quickly and I emphasize quickly. We will make all our resources available to achieve that goal.

we are ... disappointed by your rejection in our meeting today of our proposal to acquire Vincor and your board's refusal to engage in discussions on this matter.

We disagree with a significant amount of the information contained in the investor presentation that you have disclosed on your website. In particular, we disagree with your assertion that Constellation, or any other buyer for that matter, would be able to realize synergies of up to $150 million. In our view, the so-called synergies that you have outlined are completely unrealistic.

We are convinced that our $31 per share cash offer is fully priced based on the information available to us, and is the best alternative for Vincor's shareholders, in terms of both value and certainty.

We believe it is in the best interests of Vincor's shareholders to be fully aware of our proposal, and our willingness to increase our price based on access to additional information that demonstrates and supports that additional value is warranted,

Through this combination, Canada will become a core market for Constellation.

Every overture that we had made to the company to access information has actually been turned against us.

Constellation could not let this process continue indefinitely.