NEW YORK, Nov. 14, 2019 /PRNewswire/ -- WeissLaw
LLP is investigating possible breaches of fiduciary duty and
other violations of law by the Board of Directors of Craft Brew
Alliance, Inc. ("BREW" or the "Company") (NASDAQ: BREW) in
connection with the proposed acquisition of the Company by
Anheuser-Busch InBev SA/NV ("BUD") (NYSE: BUD). Under the terms of
the acquisition agreement, BREW shareholders will receive
$16.50 for each BREW share they
own.
If you own BREW shares and wish to discuss
this investigation or have any questions concerning this notice or
your rights or interests, visit our website:
http://www.weisslawllp.com/craft-brew-alliance-inc/
Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY 10036
(212) 682-3025
(888) 593-4771
stockinfo@weisslawllp.com
WeissLaw is investigating whether BREW's Board acted to maximize
shareholder value prior to entering into the acquisition
agreement. Notably, the per-share offer price is approximately
$1.00 less than the Company's 52-week
high of $17.40. Moreover, BREW's
brand includes a diverse portfolio of successful beverage
companies. While BUD was already handling the distribution of
many of these beverages as part of a previously existing agreement
between the two companies, through this acquisition, it will now
control and obtain the full benefits from their sales. Among
the many beverage brands in BREW's portfolio is Kona Brewing
Company, a rapidly growing Hawaiian brand responsible for more than
half of BREW's total sales with an estimated net worth of
approximately $350 million.
Given these facts, WeissLaw is concerned whether the proposed
acquisition undervalues the Company, and whether all material
information related to the proposed acquisition is fully and fairly
disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for defrauded
clients and obtained important corporate governance relief in many
of these cases. If you have information or would like legal
advice concerning possible corporate wrongdoing (including insider
trading, waste of corporate assets, accounting fraud, or materially
misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business
practices), or anti-trust violations, please email us at
stockinfo@weisslawllp.com
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SOURCE WeissLaw LLP