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Molson Coors Brewing Co (TAP.N)

TAP.N on New York Stock Exchange

61.71USD
23 May 2018
Change (% chg)

$0.68 (+1.11%)
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$61.03
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Volume
550,229
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520,546
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$97.50
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Latest Key Developments (Source: Significant Developments)

Molson Coors Strikes Settlement Agreement with Anheuser-Busch Inbev​
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Anheuser Busch Inbev Nv ::MOLSON COORS BREWING SAYS ON JANUARY 21, CO, ANHEUSER-BUSCH INBEV SA/NV ENTERED SETTLEMENT AGREEMENT - SEC FILING.MOLSON COORS BREWING CO - ‍PURSUANT TO SETTLEMENT AGREEMENT ANHEUSER-BUSCH INBEV​ WILL PAY $330.0 MILLION TO CO, ON OR PRIOR TO JAN 26.MOLSON COORS BREWING CO - ‍ANHEUSER-BUSCH INBEV, CO ALSO AGREED TO CERTAIN MUTUAL RELEASES AS DESCRIBED IN SETTLEMENT AGREEMENT​.  Full Article

Athene Holding says Under Pension Buyout Agreement With Millercoors, Co's Unit Will Issue Group Annuity Contract To Millercoors​
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Athene Holding Ltd ::ATHENE HOLDING LTD - ‍ UNDER PENSION BUYOUT AGREEMENT WITH MILLERCOORS, CO'S UNIT WILL ISSUE A GROUP ANNUITY CONTRACT TO MILLERCOORS​.ATHENE HOLDING LTD - ‍ UNDER AGREEMENT WITH MILLERCOORS, UNIT WILL ISSUE INDIVIDUAL ANNUITY CERTIFICATES TO APPLICABLE RETIREES AND BENEFICIARIES​.ATHENE HOLDING - ‍ ATHENE ANNUITY AND LIFE COMPANY WILL HAVE DIRECT PAYMENT RESPONSIBILITY FOR ALL LIABILITIES COVERED IN TRANSACTION WITH MILLERCOORS​.  Full Article

MillerCoors Purchases Group Annuity Contract to Secure Pension Benefits
Saturday, 2 Dec 2017 

Dec 1 (Reuters) - Molson Coors Brewing Co :MOLSON COORS BREWING CO - CO' UNIT MILLERCOORS LLC, CLOSED ON AN AGREEMENT TO PURCHASE A GROUP ANNUITY CONTRACT FROM ATHENE ANNUITY AND LIFE COMPANY.MOLSON COORS BREWING - STARTING MAY 1, 2018, ATHENE WILL BEGIN MAKING BENEFIT PAYMENTS TO PLAN PARTICIPANTS ALONG WITH PROVIDING ADMINISTRATIVE SERVICES.MOLSON COORS BREWING CO - BY TRANSFERRING PENSION OBLIGATIONS TO ATHENE, MILLERCOORS WILL REDUCE PENSION PROJECTED BENEFIT OBLIGATION BY OVER $900 MILLION.MOLSON COORS BREWING CO - UNDER DEAL PLAN PARTICIPANTS WILL RECEIVE SAME MONTHLY BENEFIT THEY WERE PREVIOUSLY RECEIVING FROM PLAN.MOLSON COORS BREWING-UNDER AGREEMENT, ATHENE WILL ASSUME FROM MILLERCOORS PENSION PLAN OBLIGATIONS TO PAY FUTURE PENSION BENEFITS.  Full Article

Molson Coors Brewing Co reports Q3 earnings per share of $1.29‍​
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Molson Coors Brewing Co :Molson Coors Brewing Co - ‍on track to deliver full-year business plans and exceed cost savings target​.Qtrly EPS of $1.29‍​.Molson Coors Brewing Co - qtrly ‍underlying EPS (non-GAAP) of $1.34​.Qtrly worldwide brand volume increased 0.6% to 25.5 million hl‍​.Molson Coors Brewing Co - ‍despite challenging market conditions in North America, remain on track to deliver 2017 business and financial plans​.Molson Coors Brewing Co - sees fy capital spending of approximately $650 million, plus or minus 5 percent‍​.Molson Coors Brewing - ‍for medium term, continue to expect underlying EBITDA margins to increase an annual average of 30-60 bps over next 3 to 4 years​.Molson Coors Brewing Co - qtrly ‍net sales revenue (NSR)/hl increased 2.9%, and 1.9% in constant currency​.Molson Coors Brewing Co - qtrly ‍​net sales $2.88 billion, decreased 2.1 percent and declined 3.0 percent in constant currency.  Full Article

Molson Coors reports Q4 underlying net income per share $0.46
Tuesday, 14 Feb 2017 

Molson Coors Brewing Co : Molson Coors reports 2016 fourth quarter and full year results . Molson Coors Brewing Co - qtrly worldwide beer volume: 22.1 million hectoliters, increased 1.2% . Q4 underlying net income per share $0.46 . Molson Coors Brewing Co - qtrly net sales: $2.468 billion, decreased 4.2% on a reported basis, and decreased 2.2% in constant currency . Molson Coors Brewing Co - Q4 GAAP loss per share $2.83 . Q4 earnings per share view $0.86, revenue view $2.57 billion -- Thomson Reuters I/B/E/S . Molson Coors Brewing Co - on a pro forma U.S. GAAP basis, Millercoors income from continuing operations before income tax was $207.8 million for Q4 . Molson Coors Brewing - consolidated pro forma underlying pretax income for q4 includes negative effect of foreign currency movements totaling $7.3 million . Molson Coors Brewing - During Q4, recorded net non-core charges of $12.6 million incurred primarily in connection with post-acquisition integration costs .Molson Coors - During Q4, co recognized net special charge of $521.1 million, driven by $495.2 million of impairment charges recorded for molson brands in canada.  Full Article

Molson Coors Q3 underlying after-tax income $1.03 per share
Tuesday, 1 Nov 2016 

Molson Coors Brewing Co : Quarterly underlying after-tax income $1.03 per diluted share . Q3 net sales $947.6 million, decreased 6.9% on a reported basis, and decreased 2.2% in constant currency . Q3 U.S. GAAP net income from continuing operations attributable to MCBC $0.94 per diluted share . Q3 Coors Light volume decreased 3.3 percent worldwide . Q3 worldwide beer volume of 15.9 million hectoliters, decreased 3.8 percent .Q3 underlying consolidated pretax income includes positive effect of foreign currency movements totaling $1.9 million.  Full Article

Millercoors Q3 sales $2.008 billion, up 0.4 percent
Tuesday, 1 Nov 2016 

Molson Coors Brewing Co : Millercoors' Q3 sales rose 0.4 percent to $2.008 billion . Millercoors' Q3 underlying net income increased 9.6 percent to $377.5 million versus same period in prior year . Millercoors' quarterly U.S. GAAP net income was $369.2 million, up 16.7 percent . Millercoors' Q3 U.S. GAAP net income was $369.2 million, up 16.7 percent .Millercoors reports third quarter underlying net income growth of 9.6 percent.  Full Article

Betty Devita joins Molson Coors board of directors
Thursday, 11 Aug 2016 

Molson Coors Brewing Co : Betty Devita joins Molson Coors board of directors .Devita's nomination was approved at company's most recent annual stockholder meeting.  Full Article

Molson Coors reports Q2 adj earnings per diluted share $1.11
Tuesday, 2 Aug 2016 

Molson Coors Brewing Co : Quarterly underlying after-tax income $1.11 per diluted share . Q2 earnings per share view $1.11, revenue view $962.1 million -- Thomson Reuters I/B/E/S . Quarterly U.S. GAAP net income from continuing operations attributable to MCBC $0.81 per share . Quarterly net sales $1,643.4 million, decreased 3.7 percent on a reported basis .Quarterly worldwide beer volume: 16.1 million hectoliters, decreased 0.8 percent.  Full Article

Coors Light and Miller Lite combine to deliver flat sales to retail volume
Tuesday, 2 Aug 2016 

Molson Coors Brewing Co : Coors Light and Miller Lite combine to deliver flat sales to retail volume for the second consecutive quarter . Millercoors Q2 underlying net income declined 3.8 percent to $468.8 million versus same period in prior year .Millercoors qtrly total net sales decreased 3.5 percent to $2.127 billion.  Full Article

BRIEF-Molson Coors Brewing Co Files For Potential Mixed Shelf Offering; Size Not Disclosed ‍​

* MOLSON COORS BREWING CO FILES FOR POTENTIAL MIXED SHELF OFFERING; SIZE NOT DISCLOSED- SEC FILING ‍​ Source text - (http://bit.ly/2HYwzJX) Further company coverage: