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Pabst directors will support a tender offer.

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Milwaukee-based Pabst Brewing Co. said its board would support an offer of $10 a share, or about $64 million, for the company’s stock by S&P; Co., headed by California brewer Paul Kalmanovitz. Because of a dispute in court between Pabst and two other brewers, however, the company had to officially take a neutral position on the Kalmanovitz offer, a spokesman said. A court hearing is scheduled in Detroit in late March on whether to permanently bar G. Heileman Brewing Co. of La Crosse, Wis., from carrying out its previously announced plan to acquire Pabst.

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