Beverage blockbuster: Fevertree skyrockets after inking a U.S. distribution deal with Molson Coors
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 Company ("Molson Coors" or "the company") (NYSE: TAP, TAP.A) is expanding its U.S. non-alc portfolio through a new strategic partnership with Fevertree Drinks plc ("Fever-Tree"), ...
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