Key Developments: Molson Coors Brewing Co (TAP)
51.56USD
24 May 2013
$0.28 (+0.55%)
$51.28
$51.23
$51.84
$51.02
902,935
1,380,973
$53.35
$37.96
Latest Key Developments (Source: Significant Developments)
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that it has declared a regular quarterly dividend on its Class A and Class B common shares of US$0.32 per share, payable June 17, 2013, to shareholders of record on May 31, 2013. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. Full Article
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that it has declared a regular quarterly dividend on its Class A and Class B common shares of $0.32 per share, payable March 15, 2013, to shareholders of record on March 4, 2013. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc. declared a quarterly dividend of approximately CDN$0.32 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable March 15, 2013, to its Class A and Class B exchangeable shareholders of record on March 4, 2013 Full Article
Molson Coors Brewing Co Buys Craft Beer Franciscan Well Brewery-DJ
Dow Jones reported that Molson Coors Brewing Co has acquired Ireland's Franciscan Well brewery for an undisclosed sum. Molson Coors Brewing Company intends to vastly expand Franciscan Well's capacity; furthermore it will export more than half of the expanded output. Full Article
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that it has declared a regular quarterly dividend on its Class A and Class B common shares of USD0.32 per share, payable December 17, 2012, to shareholders of record on November 30, 2012. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc. has declared a quarterly dividend of approximately CAD0.32 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable December 17, 2012, to its Class A and Class B exchangeable shareholders of record on November 30, 2012. Full Article
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that it declared a regular quarterly dividend on its Class A and Class B common shares of USD0.32 per share, payable September 17, 2012, to shareholders of record on August 31, 2012. The quarterly dividend is payable to holders of Class A and Class B common stock of the Company. Full Article
Molson Coors Brewing Co Completes Acquisition Of StarBev
Molson Coors Brewing Co announced that it has completed previously announced acquisition of StarBev for approximately EUR2.65 billion. Mark Hunter, the CEO of Molson Coors UK & Ireland business, will serve as Chief Executive Officer of the new business unit, which has been renamed Molson Coors Central Europe. The acquisition includes Staropramen, the business unit’s flagship brand with sales in more than 30 countries worldwide. Full Article
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that a regular quarterly dividend on its Class A and Class B common shares of USD0.32 per share, payable June 15, 2012, to shareholders of record on June 1, 2012. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc., declared a quarterly dividend of approximately CAD0.32, payable June 15, 2012, to its Class A and Class B exchangeable shareholders of record on June 1, 2012. Full Article
Molson Coors Brewing Co Announces Completion Of $1.9 Billion Debt Offering
Molson Coors Brewing Co announced that it has completed an offering of debt securities totaling $1.9 billion, the proceeds of which will be used to finance its acquisition of Central and Eastern European brewerStarBev L.P., as previously announced on April 3, 2012. The Company issued $300 million of 2.00% senior notes due 2017, $500 million of 3.50% senior notes due 2022, and $1.1 billion of 5.00% senior notes due 2042. The StarBev acquisition is subject to approval by certain European competition authorities and is expected to close in the second quarter of 2012. Deutsche Bank Securities Inc. and Morgan Stanley & Co. LLC acted as active book runners on the offering. Kirkland & Ellis LLP acted as legal advisor to Molson Coors. Full Article
Molson Coors Brewing Co To Acquire Central and Eastern European Brewer StarBev
Molson Coors Brewing Co announced that it has signed a definitive agreement with StarBev L.P., owned by funds (CVC Funds) advised by CVC Capital Partners Limited (CVC) and StarBev management, to acquire StarBev for EUR2.65 billion ($3.54 billion). The transaction is subject to approval by certain European competition authorities and is expected to close in the second quarter of 2012. Following the close, StarBev will be operated as a separate business unit within Molson Coors and will remain headquartered in the Czech Republic. Molson Coors has committed financing in place to complete the acquisition. At current foreign exchange rates, permanent financing is expected to consist of $3.0 billion in cash and debt, and an additional €500 million ($667 million) in convertible debt issued to the seller, which enables them to participate in future upside. Molson Coors expects to maintain investment grade ratings following the close of the transaction. Morgan Stanley & Co. LLC acted as lead financial advisor to Molson Coors. Barclays and Deutsche Bank Securities acted as co-financial advisors. Morgan Stanley Senior Funding, Inc. and Deutsche Bank Securities are providing committed debt financing for the transaction. Kirkland & Ellis LLP acted as legal advisor to Molson Coors. Full Article
Molson Coors Brewing Co Announces Regular Quarterly Dividend
Molson Coors Brewing Co announced that the Company declared a regular quarterly dividend on its Class A and Class B common shares of USD0.32 per share, payable March 15, 2012, to shareholders of record on March 5, 2012. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company. In addition, Molson Coors Canada Inc. (TSX: TPX.B, TPX.A), declared a quarterly dividend of approximately CDN$0.32 (the Canadian dollar equivalent of the dividend declared on Molson Coors stock), payable March 15, 2012, to its Class A and Class B exchangeable shareholders of record on March 5, 2012. Full Article
Molson Coors upbeat on central Europe amid wider gloom
* Potential from economic recovery, growth in premium brands
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