What A-B Pays

June 3, 2013Dear Client: The Ohio beer business continues to buzz with rumors of more takeover targets of A-B as the legislature considers a rushed emergency measure to close the 90 day loophole. But one datapoint that keeps emerging from this buzz is the notion that A-B has offered a price north of 10 times EBITDA for C&G, which seems pretty rich. As Luiz Edmond said at the Beverage Forum: "if you overpay, you don't have any returns." (see BBD