BRIEF-Andrew Peller Enters Into Definitive Agreement To Be Acquired By Fairfax

June 15 (Reuters) - Andrew Peller Ltd ADWa.TO:

  • ANDREW PELLER ENTERS INTO DEFINITIVE AGREEMENT TO BE ACQUIRED BY FAIRFAX

  • ANDREW PELLER - TO BE BOUGHT BY FAIRFAX FOR $8 PER CLASS A SHARE, $12 PER CLASS B SHARE

  • ANDREW PELLER - DEAL VALUED AT $397 MILLION EQUITY, $579 MILLION ENTERPRISE VALUE EXCLUDING ROLLOVER SHARES

  • ANDREW PELLER - JOHN PELLER AND AFFILIATES TO EXCHANGE SHARES FOR PURCHASER SHARES

  • ANDREW PELLER - BOARD AND SPECIAL COMMITTEE UNANIMOUSLY APPROVE AND RECOMMEND DEAL

  • ANDREW PELLER - PAUL DUBKOWSKI TO REMAIN CEO, RENEE CAUCHI TO REMAIN CFO AFTER DEAL

  • ANDREW PELLER - VOTING SUPPORT AGREEMENTS COVER 20% CLASS A AND 75% CLASS B SHARES

Source text: ID:nGNX3pN4F5

Further company coverage: [ADWa.TO]


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