Falstaff Brewing’s majority stockholder, S&P; Co., offered...

Falstaff Brewing’s majority stockholder, S&P; Co., offered to buy all outstanding shares in the Los Angeles brewery for $12 a share. The cash-merger deal was given preliminary approval by Falstaff’s board, pending a vote by the remaining shareholders in late February or early March. S&P; is owned by the Paul Kalmanovitz Testamentary Trust, a charitable trust.