Craft Brew Alliance up 118% on Anheuser-Busch Offer
November 11 2019 - 05:30PM
Dow Jones News
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.
Anheuser Busch Inbev SA NV (NYSE:BUD)
Historical Stock Chart
From Feb 2024 to Mar 2024
Anheuser Busch Inbev SA NV (NYSE:BUD)
Historical Stock Chart
From Mar 2023 to Mar 2024