GDA: GDA and Stomping Ground to not proceed with acquisition
GOOD DRINKS AUSTRALIA LTD
- Good Drinks Australia Ltd (GDA) and Stomping Ground Brewing Pty Ltd (Stomping Ground) have jointly decided to not proceed with the planned acquisition of the Victorian brewery.
- Recent conditions have challenged GDAโs underlying business case for the acquisition and would require more resources than initially anticipated to create meaningful value for GDA shareholders.
- It was agreed by both parties that it is best to move forward separately.
2023-02-10 11:52:00