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Molson Coors Brewing Co (TAP)

TAP on New York Consolidated

82.20USD
25 Sep 2017
Change (% chg)

$-0.61 (-0.74%)
Prev Close
$82.81
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$82.83
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$81.91
Volume
1,001,656
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1,740,945
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$112.19
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$81.91

Latest Key Developments (Source: Significant Developments)

Soros Fund Management dissolves share stake in Chesapeake, Honeywell
Monday, 14 Aug 2017 05:26pm EDT 

Aug 14 (Reuters) - Soros Fund Management::Dissolves share stake in Chesapeake Energy - SEC filing.Takes share stake in General Mills of 365,493 shares.Dissolves share stake in Honeywell International.Dissolves class B share stake in Molson Coors Brewing Co.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017​.  Full Article

Molson Coors Q2 earnings per share $1.49
Wednesday, 2 Aug 2017 07:00am EDT 

Aug 2 (Reuters) - Molson Coors Brewing Co :Molson Coors reports 2017 second quarter results.Q2 non-GAAP earnings per share $1.66.Q2 earnings per share $1.49.Molson Coors Brewing Co - ‍on track to deliver full-year business plans and cost savings​.Molson Coors Brewing Co - qtrly ‍worldwide brand volume increased 2.3% to 26.4 million HL​.Q2 earnings per share view $2.13 -- Thomson Reuters I/B/E/S.Molson Coors Brewing Co - qtrly net sales $3,091.3 million versus $3,109.2 million.Q2 revenue view $3.10 billion -- Thomson Reuters I/B/E/S.Molson Coors - ‍during Q2, recorded non-core net charges of $42.3 million, driven by unrealized mark-to-market losses on commodity hedges & integration costs​.Molson Coors - ‍during Q2, recognized net special charge of $16.5 million, driven by charges related to closure of breweries in U.S., Europe, Canada.  Full Article

Molson Coors Brewing Co - entered into a credit agreement by and among company, Molson Canada 2005, others
Thursday, 13 Jul 2017 06:34am EDT 

July 13 (Reuters) - Molson Coors Brewing Co :Molson Coors Brewing Co - entered into a credit agreement by and among company, Molson Canada 2005, others.Molson Coors Brewing says credit agreement replaces $750 million credit agreement, dated as of June 18, 2014 - SEC filing.Molson Coors Brewing - credit agreement provides for five-year revolving credit facility of up to $1.5 billion.Molson Coors Brewing - unless terminated earlier or extended pursuant to terms of credit agreement, credit agreement will mature on July 7, 2022.Molson Coors Brewing - agreement provides for right of borrowers to request an increase in credit facility by amount not to exceed sum of $500 million.Molson Coors Brewing - letters of credit under credit agreement will be issued in a face amount up to $150 million.Molson Coors Brewing - in connection with entry into agreement, co increased size of its existing commercial paper program.Molson Coors Brewing - increased size of existing commercial paper program from maximum amount outstanding at any time of up to $750 million to $1.5 billion.Molson Coors - in connection to commercial paper program, co amended, restated pre-existing dealer agreements, entered/will enter new dealer agreements.Molson Coors Brewing- on July 7, terminated 2014 credit agreement, related subsidiary guarantee agreement as a condition of entering credit agreement.Molson Coors Brewing - did not incur any early termination penalty in connection with termination of credit agreement.  Full Article

Molson Coors and Hornell Brewing sign licensing deal for Arnold Palmer Spiked Half & Hal
Wednesday, 12 Jul 2017 09:00am EDT 

July 12 (Reuters) - Molson Coors Brewing Co :Molson Coors And Hornell Brewing Co., Inc., an affiliate of Arizona beverages, sign licensing agreement for new Arnold Palmer Spiked half & half.Molson Coors Brewing Co - terms of agreement were not disclosed.Molson Coors Brewing Co - Molson Coors to market, distribute Arnold Palmer Spiked Half & Half in United States through its US division, MillerCoors.Molson Coors Brewing Co - Arnold Palmer Spiked Half & Half will be introduced later in 2017 in select markets.  Full Article

Heineken and Molson Coors sign import agreement for sol beer in the US
Tuesday, 6 Jun 2017 09:00am EDT 

June 6 (Reuters) - Molson Coors Brewing Co :Heineken and molson coors sign import agreement for sol beer in the us.Molson coors brewing co - financial terms are not disclosed.‍heineken & molson coors signed a 10-year import agreement​.Molson coors brewing co - co will import, market and distribute sol brand in united states through its us division, millercoors, beginning this fall.Molson coors brewing co - sol will continue to be brewed in mexico.  Full Article

Molson Coors Brewing Co declares regular quarterly dividend
Thursday, 18 May 2017 05:30pm EDT 

May 18 (Reuters) - Molson Coors Brewing Co :Declared a regular quarterly dividend on its class A and class B common shares of US$0.41 per share.  Full Article

Third Point cuts share stake in Facebook, JPMorgan, ups in Alphabet
Friday, 12 May 2017 04:51pm EDT 

May 12 (Reuters) - Third Point LLC::Third Point LLC takes share stake of 2.5 million shares in Alcoa Corp.Third Point LLC cuts share stake in Facebook Inc by 14.3 percent to 3.0 million class a shares.Third Point LLC cuts share stake in JPMorgan Chase & Co by 28.6 percent to 3.8 million shares.Third Point LLC ups share stake in Alphabet Inc by 7.1 percent to 455,000 shares of class a capital stock.Third Point LLC ups share stake in Anthem Inc by 15.0 percent to 1.2 million shares.Third Point LLC takes share stake of 3.0 million shares in Salesforce.Com Inc.Third Point LLC dissolves share stake in Chubb Ltd - sec filing.Third Point LLC dissolves share stake in Molson Coors Brewing Co.Third point LLC ups share stake in Kadmon Holdings Inc by 18.8 percent to 9.4 million shares.Third point LLC - change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec 31, 2016.  Full Article

Molson coors reports qtrly EPS $0.93 from continuing operations
Wednesday, 3 May 2017 08:00am EDT 

May 3 (Reuters) - Molson Coors Brewing Co :Molson Coors reports 2017 first quarter results.Qtrly U.S. GAAP net income from continuing operations attributable to co was $0.93 per diluted share.Qtrly net sales $2.4 billion, decreased 0.5 pct, and increased 1.0 pct in constant currency.Qtrly worldwide brand volume was 19.706 million hectoliters, increased 2.1 pct.For FY, expect transaction-related cash tax benefits of nearly $390 million and transaction-related amortization of about $45 million, net of tax.Q1 earnings per share view $1.30, revenue view $2.46 billion -- Thomson Reuters I/B/E/S.qtrly underlying after-tax income was $0.76 per diluted share.  Full Article

Molson Coors Brewing announces pricing euro-denominated senior notes offering
Tuesday, 7 Mar 2017 01:00pm EST 

Molson Coors Brewing Co : Molson Coors Brewing Company announces pricing of its offering of euro-denominated senior floating rate notes . Pricing of previously announced offering of eur500 million aggregate principal amount of its floating rate senior notes due 2019 . Notes will bear interest at a floating rate equal to three-month euribor, reset quarterly, plus 0.350% per annum . Offering is expected to close on or about march 15, 2017 . Aggregate principal amount of offering, together with concurrent offering, is expected to be equivalent to about $1.5 billion . Molson Coors expects to issue $1.0 billion aggregate principal amount of its u.s. Dollar-Denominated senior notes . Intends to use net proceeds of offering and concurrent offering to repay portion of amounts outstanding under term loan facility .$1.0 billion senior notes to consist of $500 million principal amount of 1.900% senior notes due 2019 & $500 million 2.250% senior notes due 2020.  Full Article

Molson Coors announces proposed offering of euro-denominated senior floating rate notes
Tuesday, 7 Mar 2017 03:27am EST 

Molson Coors Brewing Co : Molson Coors Brewing Company announces proposed offering of euro-denominated senior floating rate notes . has commenced an offering of euro-denominated senior floating rate notes . principal amount of this offering, together with concurrent previous offering, is expected to be equivalent to approximately $1.3 billion .intends to use net proceeds of this offering and concurrent offering to repay a portion of amounts outstanding under its term loan facility.  Full Article

BRIEF-Soros Fund Management dissolves share stake in Chesapeake, Honeywell

* Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017​ Source text for quarter ended June 30, 2017: (http://bit.ly/2uDCtgE)