Canadian brewer, Big Rock Brewery, has received shareholder and court approval for its plan to convert itself into an income trust. The company has announced that stockholders and option holders had “overwhelmingly” approved the conversion. The Alberta Court of Queen’s Bench has also approved the plans. The company will be known as Big Rock Brewery Income Trust.
The company, in which chairman and founder, Ed McNally, owns a 19.5% stake, said there will be no change in its business operations.
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