Craft Brew soars 118% on BUD buyout

Nov. 11, 2019 5:02 PM ETBREW, BUDBy: Brandy Betz, SA News Editor56 Comments

Anheuser-Busch (NYSE:BUD) will purchase the remaining Craft Brew Alliance (NASDAQ:BREW) shares it doesn't already own in a merger transaction.
BUD will pay $16.50/share in cash.
A-B currently owns a 31.2% stake in Craft Brew Alliance.
The transaction is subject to closing conditions, including shareholder and regulatory approvals. The deal is expected to close in 2020.
BREW shares are up 118% after hours to $16.

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