Molson Coors could attract buyer or acquire 100% interest in MillerCoors
Molson Coors Brewing (NYSE:TAP) could become a takeover target or buy London, England-based SABMiller's 58% stake in a joint venture, reported The Globe and Mail on its website Tuesday.
Barry Schwartz, chief investment officer at Baskin Wealth Management, which owns Molson Coors stock, said in the report that Denver, Colorado-based Molson, which has recently pursued acquisitions in India and Eastern Europe, will eventually either be taken over or buy the stake in Chicago, Illinois-based MillerCoors that it does not already own. According to the report, Molson's stake in the JV is 42%.
The Globe and Mail