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Business Thu Nov 19 2009
Wanna Buy a PBR?
News broke this week that Woodridge-based Pabst Brewing Co., the company that produces Pabst Blue Ribbon, Schlitz, Old Style and other old-school brands, is putting itself up for sale. Apparently, the move is being forced by the IRS because the company is owned by a charitable foundation, which is against federal tax law.
A grassroots effort to buy Pabst through crowdsourcing is underway: if you want a piece of the theoretical action -- the asking price is $300 million, and less than $6 million has been pledged so far -- go to BuyABeerCompany.com and pitch in. (Thanks, Tankboy!)
