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It's official: Molson Coors owns all of MillerCoors

Oct. 11, 2016 10:43 AM ETMolson Coors Beverage Company (TAP) StockBy: Clark Schultz, SA News Editor
  • Molson Coors Brewing Company (NYSE:TAP -0.5%) announces it completed the acquisition of SABMiller's 58% stake in the MillerCoors JV.
  • As part of the transaction, Molson Coors also gains full ownership of the Miller brand portfolio outside of the U.S. and Puerto Rico, and retains the rights to all of the brands currently in the MillerCoors portfolio for the U.S. and Puerto Rico, including Redd’s and import brands such as Peroni, Grolsch and Pilsner Urquell.
  • MillerCoors will operate as a separate business unit of the company with its current headquarters in Chicago,
  • Molson Coors is now the third largest global brewer by enterprise value.
  • Shares of TAP are up 34% over the last 52 weeks after investors bet on the company's ability to benefit in the post-Megabrew environment.
  • Source: Press Release
  • Wall Street views: Four food stocks tapped for outperformance and Goldman Sachs likes Molson Coors in the post-Megabrew environment

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