Boston Beer Co. (SAM) Board Approves $180M Additional Stock Buyback Authorization

October 11, 2016 9:18 AM EDT

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Boston Beer Co. (NYSE: SAM) disclosed the following on Tuesday morning:

Item 8.01 Other Events - Increase in Aggregate Expenditure Limit to Stock Repurchase Program

On October 6, 2016, the Board of Directors of the Company authorized an increase in the aggregate expenditure limit for the Company’s stock repurchase program by $180.0 million, thereby increasing the limit from $601.0 million to $781.0 million.

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