Brewdog

Brewdog founder James Watt has submitted a formal offer through his vehicle Second Best to acquire the craft beer company from Tilray Brands, potentially returning ownership to its original shareholders and workforce.

Summary of transaction details:

• Value: Not disclosed
• Sector: Consumer Goods
• Advisor: Not disclosed
• Key Entities: Brewdog (Target), James Watt / Second Best (Acquirer), Tilray Brands (Seller)
• Location: United Kingdom

Note: The proposed buyback follows Tilray's earlier acquisition of Brewdog at a significantly reduced valuation, with Watt seeking to restore brand equity and employee ownership after a period of controversy and decline.