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Stock Market & Financial Investment News

News Breaks
June 11, 2014
08:16 EDTTAPMolson Coors upgraded at BofA/Merrill
As previously reported, BofA/Merrill upgraded Molson Coors two notches to Buy from Underperform. The firm upgraded shares due to improving fundamentals in the U.S. and solid performance in Europe, Canadian cost savings initiatives, the Miller Coors JV strategic value and relative valuation. Price target raised to $80.
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October 10, 2014
10:01 EDTTAPMolson Coors and SABMiller settle Canada litigation
Molson Canada 2005, a subsidiary of Molson Coors, and Miller Brewing Company, a subsidiary of SABMiller, jointly announce that they have settled amicably their litigation in Toronto, Canada, arising from the Licence Agreement for the Miller trademark brands in Canada. As a result of the settlement, the rights to distribute Miller trademark brands in Canada will revert to SABMiller effective April 1, 2015.

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