Craft Brew Shareholders File Lawsuit - Deadline for Shareholders to Join (via Business Journal)
November 22, 2019
Tags: United States Craft Brew Anheuser Busch Inbev Corporate Affairs Mergers & Acquisitions
A group of Craft Brew Alliance shareholders have filed a lawsuit alleging that the $16.50 per share bid by Anheuser-Busch Inbev NV to acquire the remaining shares of Craft Brew Alliance, Inc. that it does not already own is unfair and that Craft Brew directors have breached their fiduciary duties to shareholders. The shareholders contend that AB should acquire the stock for no less than $24.50 per share, which was the price that parties agreed to recently. The shareholders further contend that the board is not acting for the benefit of shareholders but rather for their own self interests.
The lawsuit is seeking class action status and shareholders of Craft Brew who would like to participate with other shareholders in seeking to obtain a higher price are encouraged to contact the law firm representing shareholders before the deadline. There is no cost or expense for shareholders to participate, and in the event the lawsuit is unsuccessful, shareholders will still be entitled to receive the $16.50 per share price consideration assuming the transaction closes. Shareholders are encouraged to email at contact@tripplevy.com or call toll free at 800-511-7037
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