Last November, Anheuser-Busch InBev (A-B) announced it would purchase the remaining 68.8% of Craft Brew Alliance that it doesn’t already own for approximately $321 million. As part of the process, the US Department of Justice (DOJ) is seeking additional information and documentation from the two companies.
On December 6, both companies filed documents with the US Federal Trade Commission and the DOJ’s antitrust division. A-B withdrew the initial document and re-filed them on January 6, which prompted the DOJ’s February 5 request.
The deal between A-B and CBA is expected to close later this year. A shareholder vote regarding the transaction is set for February 25.
Source: Brewbound, February 2020