It almost seems an afterthought at this point that Craft Brew Alliance (NASDAQ: BREW) reported its third-quarter earnings. With the buyout offer by Anheuser-Busch InBev (NYSE: BUD) grabbing all the headlines, the impact of how much Kona Brewing-brand beer sold in the period seems besides the point.
Yet the acquisition still has a long and perhaps difficult road ahead of it, because it still needs to be approved by investors not affiliated with Anheuser-Busch, and it needs to get past regulatory review. A-B still has its consent decree in place with the Justice Department from when it bought SABMiller, and Federal Trade Commission regulators need to review the deal too.
Image source: Kona Brewing.