The Boston Beer Company — makers of the Samuel Adams beer brand and the second largest craft brewer in the United States — and Delaware-based brewer Dogfish Head Craft Brewery said Thursday that they plan to merge the companies in a deal valued at more than $300 million.Dogfish Head founder Sam Calagione and his family will receive around 406,000 shares of Boston Beer Company, valued at $314.60 a share. Additionally, Dogfish Head shareholders are set to receive $173 million in cash.
"United, we will have the highest quality, most distinct, high-end portfolio, from both a price-point and product perspective with the top-ranked sales organization to bring it to market," Burwick said."We expect that we'll see more consolidation in the craft industry over time, and we'll be in the best position to take advantage of those changes.
Source: News Formal (newsformal.com)
Love the brewery.... Don't change a thing.
Bam. I will drink to that.
Cannot believe you sold your independence. Goodbye Dogfishhead!
damn cc dark_satellites
good for them
Let’s celebrate! Beer for everyone 🤪
Sellout with me tonight
Love dogfishbeer
fish & beer. what about the chips?
Dogfish is palatable but Sam Adams, no thanks.
Ugh
I'll drink to that! 🍻 🍻
Samuel Adams will ruin Dogfish Head.
Not too sure the Samuel Adams crowd would continue to drink something called 'Dogfish Head'....
Why is this breaking news. C’mon CNnN. Cut it out.
Dont care just dont mess with my Sam Adams Boston Lager
Wow, dogfish head was a small Delaware brewer. Guess this guy has a nice yacht and place in the islands.
Thank you CNN for reporting on some good news other than bashing president of the United States we appreciate that
So they wanna staht something
h2pastor
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