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Magic Hat Buying Pyramid

 
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sloshed
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PostPosted: Wed - Apr, 30 2008 - 3:30 pm    Post subject: Magic Hat Buying Pyramid Reply with quote

Pyramid Breweries Inc. has agreed to be acquired by Magic Hat Brewing Company & Performance Arts Center Inc. for $2.75 a share in cash.

Pyramid, which brews beer and operates five alehouses, said Tuesday its board had approved the deal, as have shareholders accounting for about 29 percent of the company's stock.

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Last edited by sloshed on Thu - May, 01 2008 - 2:12 am; edited 3 times in total
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ricka182
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Joined: 19 Aug 2004
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Favorite Beer: Westvleteren Abt 12

PostPosted: Wed - Apr, 30 2008 - 4:48 pm    Post subject: Reply with quote

wowww!! Didn't see that coming....Magic Hat is good stuff...the Circus Boy hefe is friggen great......I hop it doesn't change, because Pyramid hefe isn't much of a hefe.....
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sloshed
Chief Enabler
Chief Enabler


Joined: 30 Mar 2005
Posts: 2673
Beer Reviews: 2616
Location: Portland, OR
Favorite Beer: Achel Extra, Bell's Expedition Stout, Westvleteren 12

PostPosted: Thu - May, 01 2008 - 2:17 am    Post subject: Reply with quote

I am surprised too.. Pyramid has bought so many other breweries over the years, that I thought they would be the powerhouse. I had no idea that Magic Hat was big enough for a purchase of this size. good for them!

Quote:
Pyramid hefe isn't much of a hefe.....

Not at all, it is an American wheat as is Circus Boy..
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ricka182
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Joined: 19 Aug 2004
Posts: 2702
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Location: Boston
Favorite Beer: Westvleteren Abt 12

PostPosted: Fri - May, 09 2008 - 11:18 am    Post subject: Reply with quote

Yeah, but Circus Boy actually has some authentic hefe characteristics. I like my wheat ale better than Pyramid..... Drink Beer Bottle
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