BRIEF-Russell Breweries says enters two asset purchase agreements

Fri Oct 7, 2016 11:25am EDT
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Oct 7 (Reuters) - Russell Breweries Inc :

* Russell Breweries Inc enters into two asset purchase agreements for sale of substantially all of its operating businesses

* Deal for purchase price of $7.7 million

* Two purchase agreements are result of previously announced long and extensive strategic review process

* To distribute all of proceeds on closing of Russell Brewing sale, following repayment of all its outstanding debts, to shareholders Source text for Eikon: Further company coverage: