Beer Big Carlsberg Buys Canada’s Waterloo Brewing For $144 Million

Canada’s Waterloo Brewing (WBR) has agreed to promote itself to Danish beer big Carlsberg Group for $144 million in money.

Privately held Carlsberg stated it should pay $4 in money for every Waterloo Brewing share, which represents a virtually 20% premium over the $3.35 at which the inventory closed on the Toronto Inventory Trade previous to the deal being publicly introduced.

Waterloo Brewing, which is predicated in Kitchener, Ontario, stated in an announcement that being acquired by Carlsberg is the very best long-term answer for workers, companions and shoppers.

The deal between Waterloo Brewing and Carlsberg is predicted to shut within the first half of 2023. The acquisition requires approval by a two-thirds majority vote of Waterloo Brewing shareholders.

Previous to the Carlsberg deal being introduced, Waterloo Brewing’s inventory had been down 45% on the yr.

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