Molson Coors (TAP) is expanding its U.S. non-alcoholic portfolio through a new strategic partnership with Fevertree Drinks. Starting February

US brewing giant Molson Coors is set to acquire an 8.5% stake in Fevertree for £71m ($88.29m) in cash, as a part of a strategic partnership.

As part of the deal, Molson Coors ( TAP) will acquire an 8.5% stake in Fevertree Drinks plc ( OTCPK:FQVTF) ( OTCPK:FQVTY) for £71 million ($88.29 million), becoming the company's second-largest shareholder. Fever-Tree plans to return this amount to shareholders through a share buyback program.

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

The Coors Light brewer will pay £71 million ($88 million) for 8.5% of Fevertree, a move that will help the Chicago-based company expand its non-alcoholic range.

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors' took an 8.5% stake in the firm, in a deal giving the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005. The global manufacturer and seller ...

In trading on Monday, shares of Molson Coors Beverage Co (Symbol: TAP) crossed above their 200 day moving average of $56.10, changing hands as high as $57.16 per share. Molson Coors Beverage Co ...

$ 55.12-0.11-0.20%

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BofA Securities has recently raised Molson Coors Beverage Co Class B (TAP) stock to Buy rating, as announced on December 6, 2024, according to Finviz. Earlier, on December 6, 2024, Needham had initiated the stock to Buy, setting a price target of $72.