Faculty Scholarship 1994 - Present
Lion Brewery, Inc.: The Ordeal of Taking a Public Company Private (abstract only)
Lion Brewery, Inc. ("Lion Brewery" or "the Company") is a publicly traded Pennsylvania corporation that produces and bottles brewed beverages, both alcoholic and nonalcoholic, for several different markets in its owned and operated brewery facility located in Wilkes-Barre, Pennsylvania. Increased competition in the beer industry and a slow decline in the Company's stock price caused its Board of Directors to consider strategic alternatives to maximize value for stockholders. After careful deliberation, the Board in November 1996 decided that the most viable alternative was the put the Company "in play."