People forget that Lion already owned 35% of Little Creatures before this happened.
Also, it should be noted that we wouldn't have Little Creatures beers in just about every bottle shop in Australia and increasingly in pubs if it wasn't for Lions distribution chain. From what I understand, that was the whole reason Lion was given a stake in LC originally (could be wrong about that).
Little Creatures has done so much for craft beer and better beer education in this country, and large part of that is due to Lion being a substantial share holder. We can bemoan the fact that the brewery is now '100% foreign owned', but it is still an Australian brewery with Australian workers. How much stuff in your house is Australian made and owned? Very little I doubt.
Personally, I'm confident that this deal will see growth of the LC brand and cheaper prices of the beers. I can't wait for the day when I go to a bbq and everyone is sitting around, drinking Bright Ale without even thinking about it. I'm also confident that Lion will keep the integrity of the beers. Maybe they won't, maybe they'll f#$k it up like they did Malt Shovel, time will tell. But my personal opinion is that this will be good for craft beer in general. The industry IS growing and will continue to do so, as long as quality beer is being made and sold cheaper to compete with the swill. Awareness of 'different' breweries and beer styles will see, over time, more potential customers for craft breweries. And if they do make the beer ****, sucks to be them because another brewery will come in and take the market they lost.
That's my opinion/2 cents.
*Disclaimer* I am NOT an employee of Lion or a LWB share holder.