Pabst Brewing Company - Page 21

                                       - 21 -                                         
               Land                               864,000                             
               Building                      29,747,000                               
               Machinery & equipment         58,731,000                               
               Construction in progress      1,170,000                                
               Portland:                                                              
               Land                          3,140,000                                
          Building                                5,290,000                           
               Machinery & equipment              12,789,000                          
               Construction in progress      220,000                                  
               San Antonio:                                                           
               Land                          1,196,000                                
               Building                      5,190,000                                
               Machinery & equipment              6,300,000                           
               Washington land:                                                       
               Milwaukee                                                              
               Office land                        1,000,000                           
               Office building                    10,000,000                          
               Other buildings                    875,000                             
               Other land                         425,000                             
                                             190,287,375                              
                    The parties agree they will take no action                        
               inconsistent with such valuation in filing their                       
               respective income tax returns.                                         
               On February 26, 1983, petitioner and Olympia issued a                  
          prospectus/proxy statement to their shareholders seeking approval           
          of the transaction described above.  On March 18, 1983, at                  
          separate special meetings, the shareholders of petitioner and               
          Olympia approved and adopted the Acquisition Agreement and the              
          other relevant agreements.  Petitioner's shareholders who                   
          dissented thereto were entitled to receive $27 a share for their            
          stock.  See Cooper v. Pabst Brewing Co., No. Civ. A. 7244 (Del.             
          Ch., June 8, 1993) (dissenting shareholders' stock appraised at             
          $27 per share).                                                             
               Petitioner's shareholders of record at the time of the                 
          transaction (excluding Heileman, HBC, petitioner, any of their              
          subsidiaries, and any shareholders asserting their appraisal                





Page:  Previous  11  12  13  14  15  16  17  18  19  20  21  22  23  24  25  26  27  28  29  30  Next

Last modified: May 25, 2011