Reuters Reporting Mike’s Hard Might Fetch $1 Billion

Dear Client:Reuters is reporting that Mike's Hard Lemonade Co. is in the "early stages of exploring a sale that could value it at more than $1 billion, according to two people familiar with the matter." Mike's has apparently "initiated a sale process that is likely to attract the interest of large beverage companies," according to the sources. Although, their parent, Mark Anthony Group Inc., "may decide against a sale of the company based on any offers received," per sources.No word