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Stock Market & Financial Investment News

News Breaks
June 11, 2014
11:15 EDTTAPMolson Coors October calls active as shares near record high
Molson Coors October 70 and 75 calls are active on total call volume of 22K contracts (1K puts). June call option implied volatility is at 34, July is at 22, October is at 22; compared to its 26-week average of 18 according to Track Data. Active call volume suggests traders taking positions for upside price movement following an upgraded to Buy from Underperform at BofA/Merrill.
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August 18, 2014
13:03 EDTTAPMolson Coors, Heineken expand marketing partnership in Canada
Molson Coors and Heineken announced that they have expanded their marketing partnership in Canada, whereby Molson Coors Canada will assume responsibility for distributing five additional Heineken brands in Canada. The new, multi-year agreement further strengthens the existing Molson Coors and Heineken relationship. In addition to Heineken, Murphy’s, Newcastle and Strongbow, Molson Coors Canada will assume the rights to market and sell Dos Equis, Sol, Tecate, Birra Moretti and Desperados. Beginning on January 1, 2015, Molson Coors Canada will have the rights to market and distribute these brands on behalf of Heineken. As part of the new agreement, Molson Coors has also agreed to extend the existing partnership with Heineken to distribute Coors Light in Ireland.

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