Anheuser-Busch to fully acquire Craft Brew Alliance
November 11, 2019 at 18:29 PM EST
Shares of Craft Brew Alliance skyrocketed 120% during extended trading following news that Anheuser-Busch will buy all remaining outstanding CBA shares in an a cash transaction at $16.50 per share. Anheuser-Busch shares, meanwhile, remained unchanged from its closing price of $85.66.