Jeffrey G. Kerbel, Howard C. Kerbel and their siblings along with Ruland Realty Limited (Offeror) made an offer to acquire an additional 60.1% stake in Brampton Brick Limited (TSX:BBL.A) for CAD 79.4 million on November 25, 2020. As reported, the offeror will acquire all of the Class A Subordinate Voting shares (Class A Shares) of Brampton Brick Limited other than Class A Shares beneficially owned or over which control or direction is exercised, by the offeror or its affiliates at a price of CAD 12 per Class A share. As of March 1, 2021, 3,376,426 Class A Shares, representing approximately 64.9% of the issued and outstanding Class A Shares excluding Class A Shares, beneficially owned or over which control or direction is exercised by the Offeror or any person acting jointly or in concert with the Offeror, were properly tendered to the Offer and not withdrawn prior to the Initial Expiry Time.Jeffrey G. Kerbel is the President and Chief Executive Officer while Howard C. Kerbel is a Director of Brampton Brick Limited. Donna Kerbel, The Estate of the late Ruth Kerbel, Ruland Realty Limited, Demaru Developments Inc. and Rudolph P. Bratty Q.C., and other buyers are considered to be joint actors with the offeror. The offer is not subject to a financing condition. The offeror will pay for the Class A Shares subject to the offer with cash resources and a committed financing facility. The offer will be subject to a number of customary conditions, including there being deposited under the offer, and not withdrawn, at least 50% of the outstanding Class A Shares. Brampton Brick Limited shareholders collectively owning approximately 23.3% of the Class A Shares have agreed to tender their Class A Shares to the offer. If the offeror acquires less than all of the target shares pursuant to the offer, the offeror would intend to use, as the case may be, other means of acquiring the remaining target shares, including a statutory acquisition, a plan of arrangement, a share consolidation or an amalgamation, merger or other combination of Brampton Brick Limited with the offeror, or one or more affiliates of the offeror. In connection with the offer, the offeror has entered into a lock-up agreement in support of its offer from shareholders holding an aggregate of approximately 23.3% of BBL's outstanding Class A shares. The offer is intended to be commenced currently. The offer, when made, will be required to remain open for acceptance for at least 105 calendar days from the date of the commencement of the offer, unless the Brampton Brick Limited Board of Directors agrees to reduce the deposit period in accordance with applicable Canadian securities laws. As of December 14, 2020, Brampton Brick's Board of Directors has accepted the recommendation of the special committee of independent Directors, which was independently advised by legal counsel and financial advisor, and has concluded that the Offer is fair from a financial point of view to the holders of the shares. Brampton formed a special committee chaired by John Piecuch. As of March 1, 2021, the tender offer have been extended to March 11, 2021. As of March 8, 2021, the tender has been extended to March 22, 2021. Special Committee of Brampton retained McMillan LLP as its independent legal counsel and Farber Financial Group as its independent financial advisor and fairness opinion provider. AST Trust Company acted as Depository and Fogler, Rubinoff LLP acted as legal advisor for Brampton. Jeffrey G. Kerbel, Howard C. Kerbel and their siblings along with Ruland Realty Limited (Offeror) completed the acquisition of an additional 60.1% stake in Brampton Brick Limited (TSX:BBL.A) on March 22, 2021. BBL announces that, following the Final Expiry Time, John M. Piecuch, P. David Grant, Peter Smith, Jim V. De Gasperis and Kenneth Tanebaum resigned from the board of directors of BBL, and that Michael C. Volpatti and Larry Himelfarb, CA were appointed to the BBL board. BBL's board of directors currently consists of Jeffrey G. Kerbel, Christopher R. Bratty, Howard C. Kerbel, Michael C. Volpatti and Larry Himelfarb, C.A. As of June 14, 2021, at the special meeting of the shareholders of Brampton Brick Limited the shareholders of Brampton Brick Limited approved the amalgamation which will enable BBL Acquisitions Inc. to acquire all of the remaining issued and outstanding Class A Subordinate Voting shares ( "Class A Shares") of BBL [TSX: BBL.A] not owned by BBL Acquisitions Inc. or persons acting jointly or in concert with BBL Acquisitions Inc.