Deals, Deals, and Deals

Dear Client:Pabst is being sold, Southern Tier sold a stake, Manhattan Beer and Phoenix/Beehive are merging, and we hear at least two other craft brewers are in play. Stay tuned for that.We had been hearing about the Manhattan/Phoenix deal for a few weeks from several sources, though it has not been announced yet. The deal is reportedly 50/50 and no cash is changing hands, creating a 40 million case mega-beer and liquor distributor in New York. The deal puts Miller