Canada: Labatt moves to acquire Lakeport
Holders of trust units of Lakeport Brewing Income holding in the aggregate 6,578,080 Units, representing approximately 91.43% of the Units on a fully-diluted basis, have tendered their Units under the offer launched by Labatt Brewing Company Limited, dated February 21, 2007, for all of the Units of Lakeport, InBev announced March 30.
All of the conditions of the Offer having been satisfied, Labatt has taken up and paid for the Units deposited under the Offer. Subsequent to the compulsory acquisition of the non-tendered Units, Lakeport will become wholly-owned by Labatt. Accordingly, Lakeport will be making application to have the Units delisted from the Toronto Stock Exchange and will be taking steps to give notice and obtain appropriate orders to permit it to cease being a reporting issuer under Canadian securities legislation.
Dutch and French versions of this press release will be posted on http://www.inbev.com/ later today. About LakeportLakeport Brewing Income Fund is an Ontario-based brewery focused on producing value-priced beer for the Ontario market. Lakeport produces nine proprietary beer brands, two of which, Lakeport Honey Lager and Lakeport Pilsener, are among the top selling brands in the province. Lakeport has approximately 200 full-time employees at its production facility in Hamilton, Ontario. Lakeport’s trust units trade on the TSX under the symbol TFR.UN (TFR stands for two-four). About Labatt
Founded in London, Ontario in 1847 and the proud brewer of more than 60 quality beer brands, Labatt is Canada's largest brewery.
About InBev
InBev is a publicly traded company based in Leuven, Belgium. The company's origins date back to 1366, and today it is the leading global brewer by volume. InBev’s strategy is to strengthen its local platforms by building significant positions in the world's major beer markets through organic growth, world-class efficiency, targeted external growth, and by putting consumers first. InBev has a portfolio of more than 200 brands, including Stella Artois®, Brahma®, Beck’s®, Leffe® and Skol® - the third-largest selling beer brand in the world. InBev employs some 85 000 people, running operations in over 30 countries across the Americas, Europe and Asia Pacific. In 2005, InBev realized 11.7 billion euro of revenue.
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