The offer is for $4 per share, a 19.4-per-cent premium to the closing price of the Waterloo Brewing Shares on Wednesday and 26-per-cent premium over the 10-day volume-weighted average price.
“We’ve enjoyed a close relationship with Carlsberg and are excited about becoming part of one of the largest brewing companies in the world,” said George Croft, Waterloo Brewing’s president and CEO.net revenue of $26.2-million for the third quarter ended Oct. 30, down from $26.9-million in the prior year. The expectation was for revenue of $29.1-million, according to S&P Capital IQ.
Net income of $194,186 or a penny per share compared to net income of $738,146 or 2 cents a year ago.
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