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Sleeman Breweries explores possible sale of company CBC News \|\| May 15, 2006 Related - 90% of Canadian Beer Market is Foreign Owned Sleeman Breweries announced late Friday that it is looking at a number of strategic options that include the possible sale of the company. It has hired BMO Nesbitt Burns to assist in the review, which Sleeman said could include "offers to acquire shares or assets of Sleeman, a recapitalization review, or business combination." "Sleeman stands at a critical point in its evolution," company CEO John Sleeman said in a release. "It makes sense for us at this time to evaluate all of the different ways in which we can capitalize on the opportunities that benefit shareholders, utilize the experience of our employees, provide the best possible capital structure and allow Sleeman to be more competitive in the premium beer category," he said. Article Posted at www.KnowledgeDrivenRevolution.com Stock in Sleeman Breweries surged 15 per cent on Friday before trading was halted just after 3 p.m. EDT, ahead of the Sleeman announcement. Sleeman shares rose $1.75 to $13.40 in trading that was more than triple the normal volume. On Friday, two analysts upgraded the stock, citing the possibility of a sale. Canada's third-biggest brewer reported Thursday that it lost $813,000 in the first quarter as it faced tough price competition in the Canadian beer market. About KDR \| \| Home \| \| Weekly Features Archive	Weekly Weekly Features Archive
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Sleeman Breweries explores possible sale of company

CBC News || May 15, 2006

Related - 90% of Canadian Beer Market is Foreign Owned

Sleeman Breweries announced late Friday that it is looking at a number of strategic options that include the possible sale of the company.

It has hired BMO Nesbitt Burns to assist in the review, which Sleeman said could include "offers to acquire shares or assets of Sleeman, a recapitalization review, or business combination."

"Sleeman stands at a critical point in its evolution," company CEO John Sleeman said in a release.

"It makes sense for us at this time to evaluate all of the different ways in which we can capitalize on the opportunities that benefit shareholders, utilize the experience of our employees, provide the best possible capital structure and allow Sleeman to be more competitive in the premium beer category," he said.

Article Posted at www.KnowledgeDrivenRevolution.com

Stock in Sleeman Breweries surged 15 per cent on Friday before trading was halted just after 3 p.m. EDT, ahead of the Sleeman announcement.

Sleeman shares rose $1.75 to $13.40 in trading that was more than triple the normal volume.

On Friday, two analysts upgraded the stock, citing the possibility of a sale.

Canada's third-biggest brewer reported Thursday that it lost $813,000 in the first quarter as it faced tough price competition in the Canadian beer market.

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