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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 7.030+2.5%Oct 31 9:30 AM EDT

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From: E_K_S11/12/2019 8:40:18 AM
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Craft Brew soars 118% on BUD buyout
Nov. 11, 2019 5:02 PM ET|About: Anheuser-Busch InBev SA/NV (BUD)|By: Brandy Betz, SA News Editor

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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