Related
Internal Links
Andrew Peller announced Monday it is selling Vancouver-based Granville Island Brewing, which will merge with Creemore Springs Brewery, a brewery owned by Molson Coors Canada Ltd.
How much the deal was worth wasn't disclosed. The transaction is expected to be completed in early 2010.
Andrew Peller said the transaction will let it focus on its core wine business.
"Creemore's intention is for Granville Island Brewing to continue operating as a distinct organization benefiting from its own people, knowledge, recipes and marketing methods, in much the same way that Creemore operates in Ontario," said Creemore CEO Jason Moore.
Shares in Andrew Peller gained two cents to $7.87 in Monday trading on the Toronto Stock Exchange.
Share Tools
Top News Headlines
- Tories move to curb 'bogus' refugees
- The Conservative government is poised to change the refugee system yet again in an attempt to deter what it considers "bogus" claimants, CBC News has learned. more »
- Children of immigrants challenged at school, home
- By 2016, foreign-born youth and Canadian-born youth from immigrant families will make up a quarter of the country's population, according to predictions by the Canadian Council on Social Development. As their numbers grow, more attention is being paid to their successes and failures. more »
- 2 NDP MPs back final Commons vote to kill gun registry
- Two NDP MPs broke party ranks to vote with the government in the final House of Commons vote on scrapping the long-gun registry. more »
- B.C. house party trial hears from tearful teens
- Two teenagers cried as they testified at the trial of a B.C. woman who was charged after a teen died while her son was hosting a party at her house in 2008. more »
Latest Business Headlines
- Nortel collapse linked to hacking attack
- A former systems security adviser to Nortel Networks says he has no doubt that extensive cyber attacks on the technology company contributed to its downfall. more »
- Competition Bureau investigating global banks
- Canada's Competition Bureau is investigating allegations that certain global banks or financial brokerage firms conspired to manipulate interest rate derivatives for more than three years. more »
- Canadian housing market cools in January
- The housing resale market retreated in January following a strong December finish to 2011, according to the Canadian Real Estate Association. more »
- U.S. Fed divided on new bond buying
- The U.S. Federal Reserve isn't about to launch another bond-buying program to boost the economy — at least not anytime soon. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12362.03 | 7.56 |
| DOW | 12780.95 | -97.33 |
| NASDAQ | 2915.83 | -16 |
| SP 500 | 1343.23 | -7.27 |
| NYSE COMPOSITE | 7998.65 | -30.96 |
| AMEX | 2419.99 | -9.07 |
| TSX-VENTURE | 1633.58 | 3.55 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Drummond report on Ontario calls for cutbacks
- Barefoot girl's icy trek not blamed on babysitter
- 2 NDP MPs back final Commons vote to kill gun registry
- Immigrants the proudest Canadians, poll suggests
- Honduras prison fire kills hundreds
- Bodyguard hired for bully victim in Fredericton
- Canadian housing market cools in January
- Legalize pot, say former B.C. attorneys general
- Russians' abusive plane tirade to cost them $19K
