PBR, brewed in Milwaukee, is known for is relatively low price tag. The purchase also includes other Pabst-owned beers, including Schlitz, Old Milwaukee and malt liquor Colt 45.

Oasis Beverages says the company with remain in Los Angeles. The company was owned by C. Dean Metropoulos, who also owns Hostess.

Oasis told CNN there are no plans to make any changes to recipes.

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University System of Georgia Chancellor Sonny Perdue said joining neighboring states to form a new accreditation agency will “keep Georgia’s universities among the best in the nation." (Jason Getz/AJC)

Credit: Jason Getz/AJC