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US: Brewers of Sam Adams and Dogfish Head merge in US$300M deal

By  |  May 12, 2019

Delaware-based craft beer company Dogfish Head Brewery is being acquired by the Boston-based brewer of Sam Adams beer in a US$300 million cash and stock deal.

The Boston Beer Company announced Thursday, May 9, that it had entered into definitive agreements to acquire all of the equity interests in Dogfish Head Holding Co.

Dogfish Head founder Sam Calagione and his family will receive about 406,000 shares of Boston Beer stock valued at about US$128 million, based on a share price of US$314.60. Dogfish Head shareholders also will receive US$173 million in cash, and Calagione will join the board of Boston Beer.

Full Content: NPR

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