Anheuser-Busch to buy Craft Brew Alliance in $321 million deal

(Reuters) – Brewer Anheuser-Busch Inbev NV (ABI.BR) will buy the rest of Craft Brew Alliance (BREW.O) that it does not own in a deal valuing the Portland-based brewing company at about $321 million, the two companies said on Monday.

Anheuser-Busch owns a 31.2% stake in the company and has offered $16.50 in cash for the rest of the shares, representing a premium of 125% to Craft’s share price as of Monday close.

Reporting by Trisha Roy in Bengaluru; Editing by Arun Koyyur

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