Craft Brew Alliance Plummets: What Happens Next? [Seeking Alpha]
CRAFT BREW ALLIANCE (BREW)
Last craft brew alliance earnings: 3/11 04:01 pm
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Source: Seeking Alpha
Craft Brew Alliance Plummets: What Happens Next? Summary Anheuser-Busch elected not to buy the rest of Craft Brew Alliance before its deal deadline expired. This caused a massive, unexpected plunge in Craft Brew's stock. Why ABI didn't want to make a deal. Craft Brew has short-term rebound trade potential, but it's nothing special as a long-term investment at this price. BREW After months of intrigue, BREW stock plummeted recently. That's because the company's biggest backer faced a hard deadline on August 23, 2019. Anheuser-Busch Inbev BUD As you can see, a $24.50 takeout price would have been a substantial premium to anywhere BREW stock has traded over the past three years. That makes the market's violent reaction to the deal falling through somewhat surprising. Why Anheuser-Busch Didn't Buy Craft Brew Alliance There are three reasons why ABI didn't exercise its option to acquire Craft Brew. The first is that the acquisition wouldn't have done a ton for them. Given that they already
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