Third Quarter a “Mixed Bag” for CBA

Dear Client: Craft Brew Alliance held a relatively short earnings call today, a little over 30 minutes, and as you could imagine, most of that half hour centered on Monday’s announcement that Anheuser-Busch would indeed buy the remaining stake in CBA. When the combination with A-B was discussed on the call, the overarching theme was excitement - “excited” to get the deal done, and “excited” about what lies ahead. Sealing the deal with A-B was a “win” on multiple fronts,