McCashin's secures option over Veritas stake

Mon, 21 Jan 2019

By Gavin Evans Jan. 21 (BusinessDesk) - McCashin’s Brewery has acquired an option to buy almost 20 percent of food and beverage investor Veritas Investments at more than twice the recent market price. Interests connected with former Veritas chief executive Michael Morton have agreed to sell 8.6 million shares in the business – almost 19.9 percent – to 660 Main Road Stoke, which trades as McCashin’s. The transaction is in the form of an option that expires at the close of trading on March 29. The option, dated today, requires a $50,000...

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