Anheuser-Busch (BUD) Said Will Continue Craft Brewers Alliance (BREW) Partnership Despite No Offer for Remaining Shares

Anheuser-Busch (NYSE: BUD) released the following statement regarding the company's commercial partnership with Craft Brew Alliance (CBA) (Nasdaq: BREW), a Portland-based craft brewing collective that creates word-class craft beers:

"The long-standing and strong partnership we have with Craft Brew Alliance (CBA) is extremely valuable to Anheuser-Busch. While we are not making an offer to purchase the remaining shares of CBA, our existing commercial partnership with CBA continues to be a key complement to our industry-leading craft portfolio and we look forward to working together for many years to come." -- Marcelo "Mika" Michaelis, president, Brewers Collective, Anheuser-Busch.

Anheuser-Busch and Craft Brew Alliance have a long-lasting and strong commercial relationship that includes distribution and brewing agreements. Anheuser-Busch continues to own a 31.3 percent stake in CBA.

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