Activist Investor Pushes CBA Sale

Dear Client: Today, an activist shareholder of Craft Brew Alliance issued a note to the Board, urging it to pursue a sale to Anheuser-Busch InBev or another company. David Cohen, founder of private investment fund, Midwood Capital, penned the letter today, made public in a release. The communication seeks to highlight "the substantial gap between the Company’s public market trading price and its intrinsic value." David urged the Board to "recognize the difficulties CBA faces to sustainably create shareholder value