Molson Coors (TAP) is expanding its U.S. non-alcoholic portfolio through a new strategic partnership with Fevertree Drinks. Starting February

US brewing giant Molson Coors is set to acquire an 8.5% stake in Fevertree for £71m ($88.29m) in cash, as a part of a strategic partnership.

As part of the deal, Molson Coors ( TAP) will acquire an 8.5% stake in Fevertree Drinks plc ( OTCPK:FQVTF) ( OTCPK:FQVTY) for £71 million ($88.29 million), becoming the company's second-largest shareholder. Fever-Tree plans to return this amount to shareholders through a share buyback program.

Molson Coors Beverage (NYSE:TAP) has agreed to acquire an 8.5% stake in Fevertree Drinks, becoming its largest shareholder, as the Coors Light beer maker looks to expand its U.S. non-alc portfolio through a new strategic partnership,

Molson Coors Beverage has partnered with Fever-Tree Drinks plc to expand its U.S. non-alcoholic drink portfolio. Starting February 1, 2025, Molson Coors will handle the marketing and distribution of Fever-Tree's premium mixers.

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Molson Coors (TAP – Research Report) and

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors' took an 8.5% stake in the firm, in a deal giving the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

Fever-Tree Drinks said it reached a long-term partnership with Molson Coors to boost growth in the U.S. and that it would launch a share buyback. The London-listed mixer-maker on Thursday said Molson Coors would acquire an 8.

Molson Coors Beverage (NYSE:TAP – Get Free Report) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Saturday. TAP has been the topic of several other research reports.

The stock's fall snapped a two-day winning streak.

Shares of Molson Coors Beverage Co. Cl B TAP advanced 2.72% to $56.66 Monday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA rising 0.

Molson Coors Beverage Company, previously known as Molson Coors Brewing Company, was formed by the merger of Molson Inc. and Adolph Coors Co. in February 2005. The global manufacturer and seller ...