Boston Beer falls after saying focused as 'independent company' amid report of sale

The Boston Beer

31/05/2024 23:43

(Updates)
    ** Shares of Sam Adams-owner Boston Beer  SAM.N  fall 5% to
$298.04 after the bell
    ** SAM says in a statement it is "fully focused" on its
business "as an independent company" after the Wall Street
Journal reports company is exploring a sale
    ** Company is in early talks to sell itself to Japanese
whisky-maker Suntory Holdings  2587.T , the report said, citing
people familiar with the matter
    ** As of Friday's close, stock has lost 9.2%

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