Craft Brew Alliance and Anheuser-Busch Announce Expanded Partnership
CRAFT BREW ALLIANCE (BREW)
Last craft brew alliance earnings: 3/11 04:01 pm
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Source: Business Wire
Agreement builds upon successful 25-year relationship NEW YORK & PORTLAND, Ore.--(BUSINESS WIRE)--Today, Craft Brew Alliance (“CBA”) (Nasdaq: BREW), a Portland-based brewing company that creates world-class craft beers, and Anheuser-Busch (“A-B”) jointly announced an agreement to expand their partnership, with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for $16.50 per share, in cash.“Today’s announcement represents an exciting next step in a long and successful partnership with Anheuser-Busch, whose support for the growth of our business and brands traces back over 25 years,” said Andy Thomas, CEO of CBA. “By combining our resources, our talented teammates, and dynamic brands, we will look to nurture the growth of CBA’s existing portfolio as we continue investing in innovation to meet the changing needs of today’s beverage consumers, all while delivering certainty of value to our shareholders.”The vast majority of CBA’s brands a
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