Redhook Ale Brewery will ask shareholders to approve the issuance of common stock for its merger with Widmer Brothers Brewing in Portland...

Share story

Redhook Ale Brewery will ask shareholders to approve the issuance of common stock for its merger with Widmer Brothers Brewing in Portland at Redhook’s annual meeting at 2 p.m. on June 24 at its headquarters office in Woodinville.

The merger agreement calls for Widmer shareholders to receive 2.1551 shares of Redhook stock for each Widmer share they own. The shares will represent about half of the combined company’s outstanding shares and are valued at $51.2 million based on Redhook’s closing price of $6.12 on Nov. 12, the trading day before the public announcement of the merger.

Melissa Allison: 206-464-3312 or mallison@seattletimes.com