On June 15, 2026, Andrew Peller Limited, a Grimsby, Ontario-based producer and marketer of quality wines and craft beverage alcohol products, announced that it had entered into a definitive arrangement agreement with a newly formed and wholly owned subsidiary of Fairfax Financial Holdings Limited, with Fairfax as guarantor, pursuant to which the Purchaser will acquire all issued and outstanding Class A non-voting shares (other than the Rollover Shares) for cash consideration of $8.00 per share and all Class B voting shares for cash consideration of $12.00 per share. The transaction values Andrew Peller at an aggregate fully diluted equity value of approximately $397 million and an enterprise value of approximately $579 million.

The Class A consideration represents a 41 percent premium to the June 12, 2026 closing price on the TSX, while the Class B consideration represents a 70 percent premium. In connection with the transaction, John Peller and certain affiliates (the Rollover Shareholders) have agreed to exchange 5,246,517 Class A shares and 1,994,212 Class B shares beneficially owned and controlled by them for equity in the Purchaser, representing approximately 15 percent of the Class A shares and 25 percent of the Class B shares.

The transaction will be implemented by way of a plan of arrangement under the Canada Business Corporations Act, is not subject to any financing condition, and is expected to close during the third quarter of 2026. Andrew Peller's existing management team led by Chief Executive Officer Paul Dubkowski and Chief Financial Officer Renee Cauchi is expected to remain in place post-closing, and the Class A and Class B shares will be delisted from the TSX.