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NBEV - NewAge stock jumps aftermarket on strategic review
NewAge Inc.
NewAge (NASDAQ:NBEV) stock jumped 8% postmarket on Wednesday after the firm announced a strategic review to maximize shareholder value. The board will consider strategic alternatives including financing alternatives, potential restructuring or reorganization, merger, sale or other strategic transaction. There can be no assurance that the process will result in any strategic alternative. NBEV has not set a timetable for the review process.