Pabst Brewing Company Is Most Likely for Sale

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Never forget. Photo: Ubcule/Wikimedia,

Sources tell Reuters that entrepreneur C. Dean Metropoulos is positioning himself to sell Pabst Brewing Co., maker of Pabst Blue Ribbon beer, which his investment company owns along with the recently revived Hostess snack-food empire. The brewer's extended portfolio includes similarly legendary brands Old Milwaukee and Schlitz, and is expected to "fetch between $500 million and $1 billion," sources say. All our hopes for limited-edition Twinkies with PBR-cream filling have officially been dashed. [Chicago Tribune, Earlier]