Inactive Instrument

Craft Brew Alliance, Inc.

BREW

US2241221017

CRAFT BREW ALERT: Bragar Eagel & Squire, P.C. Investigates Proposed Sale of BREW and Encourages Investors to Contact the Firm

November 12, 2019 at 02:21 pm EST

NEW YORK, Nov. 12, 2019 /PRNewswire/ -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder law firm, has launched an investigation into whether the board members of Craft Brew Alliance, Inc. (NASDAQ: BREW) breached their fiduciary duties or violated the federal securities laws in connection with the company's proposed sale to Anheuser-Busch InBev SA/NV.

(PRNewsfoto/Bragar Eagel & Squire, P.C.)

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On November 11, 2019, Craft Brew announced that it had signed an agreement to be acquired by Anheuser-Busch for $16.50 per share in cash, or a total of about $321 million. The deal is scheduled to close in 2020.

Bragar Eagel & Squire is concerned that Craft Brew's board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Indeed, Craft Brew's shares have recently traded for well above the $16.50 deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Craft Brew stockholders.

If you own shares of Craft Brew and are concerned about the proposed merger, or you're interested in learning more about the investigation or your legal rights and remedies, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

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SOURCE Bragar Eagel & Squire, P.C.

Latest news about Craft Brew Alliance, Inc.

Tilray Beverage, LLC completed the acquisition of Eight beer and beverage brands and related assets of Anheuser-Busch Companies, LLC from Craft USA Holdings, LLC, Anheuser-Busch Companies, LLC, Anheuser-Busch, LLC and Craft Brew Alliance, Inc. for $83.4 million.	23-09-28	CI
Tilray Beverage, LLC entered into a securities and asset purchase agreement to acquire Eight beer and beverage brands and related assets of Anheuser-Busch Companies, LLC from Craft USA Holdings, LLC, Anheuser-Busch Companies, LLC, Anheuser-Busch, LLC and Craft Brew Alliance, Inc. for $85 million.	23-08-06	CI
PV Brewing Partners completed the acquisition of Kona Brewing Co., Inc. from Craft Brew Alliance, Inc..	20-10-05	CI
Craft Brew Alliance, Inc.(NasdaqGS:BREW) dropped from S&P Global BMI Index	20-10-01	CI
Craft Brew Alliance, Inc.(NasdaqGS:BREW) dropped from S&P TMI Index	20-10-01	CI
Craft Brew Alliance, Inc. Announces Executive Changes	20-09-30	CI
Craft Brew Alliance, Inc. Announces Resignation of Andrew J. Thomas as Chief Executive Officer	20-09-30	CI
Craft Brew Alliance and Anheuser-Busch Finalize Expanded Partnership	20-09-30	CI
Anheuser-Busch Companies, LLC completed the acquisition of remaining 68.9% stake in Craft Brew Alliance, Inc..	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Value Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Growth Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 3000 Growth Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2000 Value Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 3000 Value Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell Small Cap Completeness Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2000 Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 3000 Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell Small Cap Comp Value Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell Small Cap Comp Growth Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2000 Growth Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2000 Value-Dynamic Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Growth-Dynamic Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Value-Dynamic Index	20-09-29	CI
Craft Brew Alliance, Inc.(NasdaqGM:BREW) dropped from Russell 2500 Dynamic Index	20-09-29	CI

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Company Profile

Craft Brew Alliance, Inc. is a craft brewing company that is engaged in brewing, branding and bringing to market American craft beers. The Company operates through two segments: Beer Related operations, which include the brewing operations and related domestic and international beer and cider sales of its Kona, Widmer Brothers, Redhook and Omission beer brands, and Square Mile cider brand, and Pubs operations, which include its approximately five pubs, over four of which are located adjacent to its Beer Related operations, as well as other merchandise sales, and sales of its beers directly to customers. The Company's portfolio of brands includes the Kona Brewing Company, Widmer Brothers Brewing, Redhook Brewery, Omission Beer and Square Mile Cider Company brand families, along with partner brands Appalachian Mountain Brewery, Cisco Brewers and Resignation Brewery. Its brews its beers using hops, malted barley, wheat, rye and other natural traditional and nontraditional ingredients.

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