Shares of Craft Brew Alliance soared 122.6% to $16.32 after the bell, hovering near the offer price of $16.50 in cash. The deal is a reversal in stance by the world’s largest brewer, which owns 31.2% stake in Craft Brew and had said in August it would not buy out the company. Craft Brew’s portfolio of regional breweries and lifestyle brands is an addition to Anheuser-Busch and will help fuel the growth of craft beer category in the competitive beer industry in the United States, Anheuser-Busch said. …read more
Source:: Yahoo Finance
