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") (BREW) in connection with the proposed acquisition of the Company by Anheuser-Busch InBev SA/NV ("BUD") (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:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
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 firstname.lastname@example.org
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