Boston Beer shares are down 12% in pre-market trading after a spokesperson for Jim Beam owner Suntory told Bloomberg that the company is not in talks to buy the Sam Adams beer company. Boston Beer stock climbed 22% on Friday after The Wall Street Journal reported that the company is in talks to sell itself to Suntory. Subsequently, Boston Beer issued a statement after the market closed on May 31 stating that it was aware of the WSJ article, and that it does not comment on rumors, adding: “We are fully focused on our business as an independent company and our return to growth.” Boston Beer shares, which jumped 22% on Friday to close at $313.67 and are down 12% to $275.24 in Monday pre-market trading.
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