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Article: Independence Brewing Company and Pittsburgh Brewing Company Cease Merger Negotiations.
- Article from:
- PR Newswire
- Article date:
- September 21, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA, Sept. 21 /PRNewswire/ -- Independence Brewing Company (Nasdaq SmallCap: IBCO) today announced that by mutual agreement, merger negotiations with Pittsburgh Brewing Company have been discontinued. Robert W. Connor, Jr., President of Independence Brewing Company, reported that the parties had been unable to reach agreement on certain key matters, including the timing of a merger. "For the present time, we have agreed with Pittsburgh Brewing Company to begin to explore various business opportunities. As our business relationship develops, it could then be ...