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Molson Coors Brewing Co (TAP)

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94.25USD
25 May 2017
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Latest Key Developments (Source: Significant Developments)

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

Molson Coors Brewing Company announces pricing of its offering of U.S. dollar-denominated senior notes
Monday, 6 Mar 2017 04:15pm EST 

Molson Coors Brewing Co : Molson Coors Brewing Company announces pricing of its offering of united states dollar-denominated senior notes .Announced pricing of its previously announced offering of $1.0 billion aggregate principal amount of its senior notes.  Full Article

Antares Pharma reported a preliminary net loss per share of $0.03
Monday, 6 Mar 2017 08:25am EST 

Antares Pharma Inc : Antares Pharma Inc - company reported preliminary total revenue of $14.2 million and $52.2 million for quarter and year ended december 31, 2016, respectively . Antares Pharma Inc- reported a preliminary net loss per share of $0.03 for quarter ended December 31, 2016 . Q4 earnings per share view $-0.04, revenue view $11.2 million -- Thomson Reuters I/B/E/S . Molson Coors Brewing Co - company reported a preliminary net loss per share of $0.16 for year ended December 31, 2016 .FY2016 earnings per share view $-0.17, revenue view $49.3 million -- Thomson Reuters I/B/E/S.  Full Article

Molson Coors Brewing Co announces proposed offering of United States dollar-denominated senior notes
Monday, 6 Mar 2017 08:16am EST 

Molson Coors Brewing Co : Molson Coors Brewing Company announces proposed offering of United States dollar-denominated senior notes .Molson Coors Brewing Co - intends to use net proceeds of offering to repay a portion of amounts outstanding under its term loan facility.  Full Article

Molson Coors Brewing Company announces regular quarterly dividend
Thursday, 16 Feb 2017 05:30pm EST 

Molson Coors Brewing Co : Molson Coors Brewing Company announces regular quarterly dividend . Molson Coors Brewing Co - declared a regular quarterly dividend on its class a and class b common shares of us$0.41 per share .Molson Coors Brewing Co - in addition, molson coors canada inc declared a quarterly dividend of approximately CDN$0.53.  Full Article

Molson Coors says it expects 2017 capex of $750 mln
Tuesday, 14 Feb 2017 12:23pm EST 

Molson Coors Brewing Co : Molson Coors - Expects 2017 capital spending about $750 million based on foreign-exchange rates at the end of 2016 -conf call . Molson Coors - expects 2017 effective tax rate to be 24 percent - 20 percent assuming no further changes in tax laws, tax orders or adjustments to tax position - conf call . Molson Coors - expects 2017 underlying free cash flow for 2017 to be $1.1 billion - conf call . Molson Coors - expects 2017 cost of goods sold to increase at low single-digit rates - conf call . Molson Coors - expects 2017 Canada COGS to increase in mid-single-digits and Europe COGS to decrease in low single-digits in local currency - conf call . Molson Coors - expects full-year non-cash cost of $40 million on further amortization of Molson brands in Canada - conf call . Molson Coors - expects full year non-cash cost of $40 million on further amortization of Molson brands in Canada - conf call Further company coverage: [TAP.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

More From Around the Web

BRIEF-Molson Coors Brewing Co declares regular quarterly dividend

* Declared a regular quarterly dividend on its class A and class B common shares of US$0.41 per share Source text for Eikon: Further company coverage: