Andrew Peller Agrees To Be Acquired By Fairfax

India, June 15 -- Andrew Peller Limited (ADW-B.TO), an alcohol beverages manufacturer, Monday announced that it has agreed to be acquired by a newly formed subsidiary of Fairfax Financial Holdings Limited (FFH.TO) termed as the purchaser.

The purchaser with Fairfax as the guarantor will acquire all of the issued and outstanding Class A Non-Voting shares and Class B Voting shares of Andrew Peller for $8 per Class A Share and $12 per Class B Share in cash.

As per Andrew Peller the Class A Consideration represents a premium of 41 percent to the closing price and 42 percent premium to the 20-day volume weighted average price on the Toronto Stock Exchange as of June 12.

The Class B Consideration represents a premium of approximately 7 percent...