Jesse Jackson's Sons to Buy Beer Distributor

Reuters

Anheuser-Busch Cos. said it agreed to sell a Chicago beer distributorship to a group led by two sons of civil rights leader Jesse Jackson, who 16 years ago spearheaded a boycott against the world's largest beer maker.Transfer of the River North distributorship to Yusef Jackson, his brother Jonathan and a third partner, Donald Niestrom Jr., will take effect Dec. 1, said the St. Louis-based maker of Budweiser, Bud Light and other brands. Terms were not disclosed. Anheuser-Busch shares dipped 75 cents to close at $58.50 on the NYSE.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World
58°