By Josh Beckerman

 

Shares of Craft Brew Alliance Inc. (BREW) recently traded up 118% after hours Monday to $16 after Anheuser-Busch, which owns a 31.2% stake, offered to buy the remaining shares for $16.50 each.

Craft Brew Alliance said, "Today's announcement represents an exciting next step in a long and successful partnership with Anheuser-Busch."

Most of CBA's brands are distributed through A-B's network of independent wholesalers under an existing commercial agreement.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

November 11, 2019 17:15 ET (22:15 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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