Pyramid Breweries (PMID) To Merge With Magic Hat Brewing
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Pyramid Breweries Inc. (NASDAQ: PMID) and Magic Hat Brewing Company & Performing Arts Center, Inc. announced the execution of a Letter of Intent, which contemplates a transaction by which Magic Hat will acquire Pyramid, through an agreed all-cash tender offer and subsequent merger, at $2.75 per share of Pyramid common stock on a fully-diluted basis. [JT]
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