Brief: ANDREW PELLER LIMITED TO ACQUIRE THREE BRITISH COLUMBIA WINERIES

Andrew Peller

11/09/2017 17:19

Sept 11 (Reuters) - Andrew Peller Ltd  ADWa.TO : 
    * ANDREW PELLER LIMITED TO ACQUIRE THREE BRITISH COLUMBIA 
WINERIES 
    * ANDREW PELLER SAYS PURCHASE WILL BE FUNDED BY A 
COMBINATION OF $78 MILLION IN CASH FROM COMPANY'S CREDIT LINES 
AND $17 MILLION WORTH OF CLASS A COMMON SHARES 
    * ANDREW PELLER LTD - ENTERED INTO A LETTER OF INTENT TO 
ACQUIRE 100% OF TINHORN CREEK VINEYARDS, FOR A COMBINED PURCHASE 
PRICE OF $95 MILLION 
    * ANDREW PELLER LTD - HAS SIGNED DEFINITIVE AGREEMENTS TO 
ACQUIRE 100% OF BLACK HILLS ESTATE WINERY AND GRAY MONK ESTATE 
WINERY 
 
Source text for Eikon:  ID:nGNXOEDYIa  
Further company coverage:  ADWa.TO  
 
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