$ADW-B.TO

Andrew Peller To be Acquired by Fairfax

Andrew Peller Limited (ADW-A.TO and ADW-B.TO), a Canada producer and marketer of wines and craft beverage alcohol products, entered Monday into a definitive arrangement agreement that will see Fairfax Financial (FFH.TO) acquire all of its issued and outstanding Class A Non-Voting shares and Class B Voting shares for cash consideration of C$8.00 and $12.00 each respectively.The transaction represents an aggregate fully diluted equity value of approximately $397 million and $579 million on an enterprise value basis, in each case excluding the impact of rollover shares, it said.