⁍ Justice Department said on Friday it approved Anheuser-Bush’s ABI.BR plan to buy the shares of Craft Brew Alliance that it does not already own.
⁍ The $220 million deal, which was announced in November, was approved on condition the companies sell Craft Brew Alliance’s Kona brand beer.
⁍ Anheuser-Busch owned 31.2% of CBA before the deal was announced, and also distributed many of CBA’s brands.
– The Justice Department has approved Anheuser-Busch’s purchase of the Craft Brew Alliance, maker of Kona beer, Reuters reports. The $220 million deal, announced in November, was approved on condition the companies sell Craft Brew Alliance’s Kona brand beer. The Portland-based CBA’s other brands include Appalachian Mountain Brewery, Cisco Brewers, Redhook Brewery and Widmer Brothers Brewing. Anheuser-Busch owned 31.2% of CBA before the deal was announced, and also distributed many of CBA’s brands.
Source: https://www.reuters.com/article/us-craftbrew-m-a-abi/us-approves-anheuser-busch-deal-to-buy-craft-brew-alliance-idUSKBN26935G