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NEW LABATT'S OWNER TAKES SIT AND WAIT STANCE WITH JAYS
Published August 30, 1995
Belgian brewer Interbrew SA, which purchased Labatt's for C$2.7B in July and promptly sold off the company's broadcast properties, said yesterday they have not made a decision on whether to sell the Blue Jays and Labatt's other sports holdings -- thre CFL Argonauts and 40% of SkyDome. Art Chamberlain writes in this morning's TORONTO STAR that analysts expect Interbrew to eventually sell the teams and the share in SkyDome, and use the cash to "help pay back" money borrowed to purchase Labatt. Chamberlain notes that "the baseball strike and Jays on- field woes have cut the price they would fetch." The team was estimated to be worth C$200M "at their peak" (TORONTO STAR, 8/30).