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CBA shareholders approve merger with Anheuser-Busch

Feb 26, 2020 - Marketline Newswire
Mergers and Acquisitions

US-based beer brewing firm Craft Brew Alliance (CBA) has announced that its shareholders have formally approved the proposed acquisition of the company by Belgian firm Anheuser-Busch InBev (AB).

According to Craft Brew Alliance, over 98% of the shares, voted by proxy and at the special meeting, supported the deal. It includes a majority of outstanding shares held by investors other than AB or related interests. Last November, AB had agreed to acquire the remaining CBA stake for $16.5...