Boston Beer up on report of early deal talks with Japanese whisky-maker Suntory Beverage

Boston Beer

31/05/2024 20:19

** Shares of Sam Adams-owner Boston Beer  SAM.N  jump 28.4%
to $329.34 
    ** Company is in talks to sell itself to Japanese
whisky-maker Suntory Beverage & Food  2587.T , the Wall Street
Journal reports  
    ** The two parties are in early talks, report says, citing
people familiar with the matter
     ** It is still possible the talks would not result in a
transaction, or that another suitor could emerge - WSJ report
    ** Including session moves, stock down 8.9% YTD  

 (Reporting by Sneha S K in Bengaluru)
 ((Sneha.SK@thomsonreuters.com;))