To Buy or Not to Buy – ABInBev Faces Deadline on CBA
When Anheuser-Busch InBev partnered with Craft Brew Alliance in 2016, they were given a deadline of August 23rd, 2019 to make a qualifying offer of $24.50 per share, which would amount to about $475 million, or else it has to pay Craft Brew $20 million. The clock is ticking as the deadline nears, and the industry waits to see what ABInBev decides to do.
With CBA beginning to revitalize its recent slumbering growth, ABInBev might be able to rationalize spending $475 million for the brands. They are obviously still bullish on craft, having just spent $120 million on Platform Brewing.
The answer will arrive soon.
