Bragar Eagel & Squire, P.C., a New York stockholder law firm, said it was investigating whether board members of Craft Brew Alliance, Inc. breached their fiduciary duties or violated the federal securities laws in connection with the company’s proposed sale to Anheuser-Busch InBev SA/NV.
The firm’s investigation focuses on whether the board “ultimately agreed to an inadequate deal price,” the company said, noting that Craft Brew’s shares have recently traded for well above the $16.50 deal price.