Courage Brewery sold to Tooth
AMATIL, Ltd, and Courage Ltd, have sold their shares in Courage Breweries, Ltd, to Tooth and Co., Ltd, for 32c a share. Tooths will make an unconditional cash offer of 36c a share for the shares held by the other shareholders ip the company. AMATIL, and Courage supported the company since its establishment in 1968. At the time of the new share issue in 1974, AMATIL and Courage underwrote the issue, which resulted in their combined shareholding increasing to 87.25 per cent. Despite the reorganisationat that time it has not been
possible to generate sufficient sales, and substantia] losses are being incurred. “Having considered the courses of action open, it was decided that the only practicable alternatives were to close the brewery, or to sell the enterprise to an existing brewery, which was able to ensure the volume of business required to make the brewery profitable. “It is believed that the arrangements now made with Tooths are in the best interests of the other shareholders in the company, and its employees, and customers,” the companies say.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19780531.2.100
Bibliographic details
Press, 31 May 1978, Page 12
Word Count
181Courage Brewery sold to Tooth Press, 31 May 1978, Page 12
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Copyright in all Footrot Flats cartoons is owned by Diogenes Designs Ltd. The National Library has been granted permission to digitise these cartoons and make them available online as part of this digitised version of the Press. You can search, browse, and print Footrot Flats cartoons for research and personal study only. Permission must be obtained from Diogenes Designs Ltd for any other use.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in