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Big Brewery Deal

Big Brewery Deal image
Parent Issue
Day
11
Month
February
Year
1898
Copyright
Public Domain
OCR Text

Cleveland, Feb. 8. - According to an afternoon newspaper a big dealby which every brewery in Cleveland will pass into the nands of a syndicate of eastern capitalists has just been completed in New York. lt is stated that every brewer in Cleveland went to Nmv York Saturday to meet the capitalists interested in the syndicate to make iinal arrangements. The transfer of the severa! breweries to the syndieate will be made as soon as the necessary legal steps can be taken, contracts drawn, etc. Each brewer will rc.oeive one-third of the valuation of his property in cash, onethird in preferred stock and one-third in eommon stock of the new company. About $5,000,000 in cash, itis said, will be paid to Cleveland brewers within the next few weeks.

Article

Subjects
Ann Arbor Argus
Old News