Fevertree Soars After UK Tonic Maker Signs Molson Coors Deal
Fevertree Drinks Plc surged after US brewer Molson Coors Beverage Co. agreed to buy a stake in the tonic and mixer maker.
Molson Coors secures exclusive rights to Fever Tree in £71m deal
Molson Coors has acquired an 8.5% stake in British drinks company Fever Tree in a £71m deal that enables the mixer brand to “unlock growth” across the US.
Fevertree shares fizz as tonic maker sells stake to US brewer Molson Coors
Molson Coors is snapping up an 8.5% stake in Fevertree for £71m and will take on exclusive sales, distribution and production of the carbonated mixer brand in the US.
Fever-Tree Sells Stake To Molson Coors As Part Of New Distribution Deal
Fever-Tree entered the US market in 2008 and has since become the number one tonic and ginger beer brand in the country. The British firm noted that the combination with Molson Coors’ expertise and scale would allow it to “drive the brand to the next level in its largest and most dynamic market”.
Fevertree shares soar after Molson Coors takes stake
By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.
Molson Coors to acquire 8.5% stake in Fevertree, gets commercialization rights
Molson Coors (TAP) is expanding its U.S. non-alcoholic portfolio through a new strategic partnership with Fevertree Drinks. Starting February
Molson Coors (NYSE:TAP) Taps Fever-Tree for Sweeter U.S. Drinks Business
Miller Lite brewer Molson Coors (TAP) says it will expand its U.S. soft drinks business through a strategic partnership with ...
MARKET REPORT: Fevertree soars by 20% as US brewer buys stake
US brewer Molson Coors is to buy an 8.5% stake in Fevertree for £71m, with the proceeds to be returned to shareholders via a ...