The shareholders of Craft Brew Alliance Inc. (CBA) voted at a special meeting Feb. 25 to adopt an agreement, announced Nov. 11, 2019, that will create an expanded partnership between CBA and Anheuser-Busch Cos. LLC (A-B), with A-B agreeing to purchase the remaining CBA shares it does not already own in a merger transaction for […]
Tag: shareholders
Posted in, Home Page Latest News, Independent Store News, National, Store News, Wholesaler/Distributor News
AWG Reports Record Net Sales For 2016
Associated Wholesale Grocers (AWG), headquartered in Kansas City, Kansas, held its annual shareholders meeting on Wednesday, March 22, at the Overland Park Convention Center. The meeting was the 90th for the wholesaler, which reported record consolidated net sales of $9.18 billion, an increase of 2.7 percent, for 2016. Year-end patronage distribution was more than $201.7 million, […]
Posted in, Executive News, Home Page Latest News, Independent Store News, Industry News, Midwest
AWG Reports Record Sales, Presents New Leadership Team
Associated Wholesale Grocers Inc. (AWG), headquartered in Kansas City, Kansas, reported record consolidated net sales of $8.94 billion and distributed $194 million in year-end patronage at its annual shareholders meeting March 20. AWG’s year-end patronage rebate represented 2.79 percent of qualifying sales, an increase of two basis points over the prior year and the second […]
Posted in, Corporate Store News, National
Safeway Adopts ‘Poison Pill’ To Thwart Unwanted Takeover
After becoming aware of an accumulation of a significant amount of the common stock of the company, Safeway’s board of directors adopted a one-year stockholder’s rights plan. Referred to as a “poison pill,” the measure is designed to thwart takeover attempts by diluting the holdings of an investor if its stake exceeds a set threshold. […]