SLEEMAN BREWERIES LTD. $17.38 (Toronto symbol ALE; Aggressive Growth Portfolio, Consumer sector, SI Rating: Average) has accepted a friendly $17.50-a-share all-cash offer from Japan’s Sapporo Breweries Ltd.
That’s a 150.0% gain over the $7 that we first recommend Sleeman at in our November 1999 issue. Two-thirds of Sleeman’s shareholders must approve the takeover at a special meeting in October 2006.
We advise Sleeman investors to vote in favour of the deal, and tender their shares to get the full $17.50.
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