Boston Beer extends NC brewing pact

Boston Beer Co., brewer of the Sam Adams beers, extended an agreement to allow SABMiller PLC to brew certain beers at a Miller Brewing Co. brewery in Eden, N.C., according to a regulatory filing.

Boston Beer said the current agreement ends Nov. 1, 2008, at which time the new extension agreement takes effect. The company did not disclose the financial terms of the deal or how long the new extension agreement will last.

Boston Beer shares fell $1.06 to $52.84 in midday trading. (AP)