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Brick 'reviewing strategic alternatives'

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hops are your friend
Posts: 89
Joined: Sun Sep 03, 2006 4:49 pm
Location: Ottawa

Brick 'reviewing strategic alternatives'

Post by hops are your friend »

I saw this today:

"WATERLOO, ON, May 14 /CNW/ - Brick Brewing Co. Limited (TSX: BRB - News) today announced that it has commenced a review of strategic alternatives available to the Company to enhance shareholder value, including, but not limited to, offers to acquire shares or assets of Brick Brewing Co. Limited, a recapitalization review or some form of business combination. The Company has retained CIBC World Markets to assist in the review. ..."

(above text taken from: http://biz.yahoo.com/cnw/070514/brick_b ... .html?.v=1)

The phrase 'reviewing strategic alternatives' usually means 'is up for sale'.

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Rob Creighton
Bar Fly
Posts: 851
Joined: Mon Jul 28, 2003 8:00 pm
Location: Dundas, ON

Post by Rob Creighton »

Translation:
The tax jump to playing with the big boys means we have to virtually double our size just to break even with where we were 2 years ago. Big time idea required or someone with deep pockets and an ability to ignore rational numbers and logistics. Frank...jump in here. It would give you 4 plants in Ontario. Come on...you know you want it.

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GregClow
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Location: Parkdale
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Post by GregClow »

The review has been completed, and aside from the sudden "resignation" of President & CEO Doug Berchtold, it looks like it'll be business as usual - i.e. no plans to sell:

http://www.newswire.ca/en/releases/arch ... c2451.html

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