Shares of the Seattle-based company fell 10% to 60 cents in extended trade, after closing at 66.5 cents Monday on NASDAQ.
The company, which markets and distributes beverages under names like Jones Soda and Jones Pure Cane Soda, said it may negotiate with Big Red and intends to pursue all available avenues.
Jones Soda [image-nocss] said its board plans to evaluate the offer from Big Red Holdings Corp, the parent company of carbonated soft drink company Big Red Inc., Waco, Texas.
"Adverse economic conditions have continued to negatively impact our liquidity and financial condition and caused us to explore strategic alternatives," Chief executive Joth Ricci said in a statement.
Click hereto read more about Jones Soda's financial concerns.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.