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Case Status:    DISMISSED    
On or around 02/19/2020 (Notice of voluntarily dismissal)

Filing Date: January 29, 2020

According to the Complaint, Craft Brew Alliance, Inc. ("CBA") is a leading craft brewing company that brews, brands, and brings to market world-class American craft beers. The Company’s portfolio combines the power of Kona Brewing Company, a fastgrowing national craft beer brand, with strong regional breweries and innovative lifestyle brands, including: Appalachian Mountain Brewery, Cisco Brewers, Omission Brewing Co., Redhook Brewery, Square Mile Cider Co., Widmer Brothers Brewing, and Wynwood Brewing Co.

This action stems from a proposed transaction announced on November 11, 2019, pursuant to which Craft Brew Alliance, Inc. will be acquired by Anheuser-Busch Companies, LLC ("ABC").

On November 11, 2019, CBA’s Board of Directors caused the Company to enter into an agreement and plan of merger with ABC. Pursuant to the terms of the Merger Agreement, CBA stockholders will receive $16.50 in cash for each share of CBA common stock they own.

On January 21, 2020, Defendants filed a proxy statement with the United States Securities and Exchange Commission in connection with the Proposed Transaction, which scheduled a stockholder vote on the Proposed Transaction for February 25, 2020. The Complaint alleges that the Proxy Statement omits material information with respect to the Proposed Transaction, which renders the Proxy Statement false and misleading.

This case was voluntarily dismissed on February 19, 2020.

COMPANY INFORMATION:

Sector: Consumer Non-Cyclical
Industry: Beverages (Alcoholic)
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: BREW
Company Market: NASDAQ
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Delaware
DOCKET #: 20-CV-00138
JUDGE: Hon. Richard G. Andrews
DATE FILED: 01/29/2020
CLASS PERIOD START: 11/11/2019
CLASS PERIOD END: 01/29/2020
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Rigrodsky & Long, P.A. (Wilmington)
  2. RM Law, P.C. (Berwyn)
No Document Title Filing Date
—Reference Complaint Complaint Related Data is not available
—Related District Court Filings Data is not available