Molson Coors Cut at Nomura;Lower Chance Buys Rest of MillerCoors
2015-06-23 13:34:26.36 GMT
By Joshua Fineman
(Bloomberg) -- Molson Coors cut to neutral vs buy by Nomura
analyst Ian Shackleton, citing worsening volume, pricing trends
and lower probability TAP buys remainder of MillerCoors.
* Nomura removes 25% probability of TAP purchasing remainder
of MillerCoors, which was worth $4/shr
*
* Sees “minimal” probability of AB InBev buying
SABMiller, which would allows TAP to buy rest of
MillerCoors
* PT to $74 from $82, Bloomberg avg $85
* NOTE: Earlier, AB InBev CEO Prefers Acquisitions That Are
‘Near Beer,’ FT Says
*
* March 27, MegaBrew Is Left to Ferment After 3G Focuses
on Food: Real M&A
* March 13, AB InBev Unlikely to Bid for SABMiller for 5
Reasons, RBC Says
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To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Stefanie Batcho-Lino
2015-06-23 13:34:26.36 GMT
By Joshua Fineman
(Bloomberg) -- Molson Coors cut to neutral vs buy by Nomura
analyst Ian Shackleton, citing worsening volume, pricing trends
and lower probability TAP buys remainder of MillerCoors.
* Nomura removes 25% probability of TAP purchasing remainder
of MillerCoors, which was worth $4/shr
*
* Sees “minimal” probability of AB InBev buying
SABMiller, which would allows TAP to buy rest of
MillerCoors
* PT to $74 from $82, Bloomberg avg $85
* NOTE: Earlier, AB InBev CEO Prefers Acquisitions That Are
‘Near Beer,’ FT Says
*
* March 27, MegaBrew Is Left to Ferment After 3G Focuses
on Food: Real M&A
* March 13, AB InBev Unlikely to Bid for SABMiller for 5
Reasons, RBC Says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Joshua Fineman in New York at +1-212-617-8953 or
jfineman@bloomberg.net
To contact the editors responsible for this story:
Arie Shapira at +1-212-617-1488 or
ashapira3@bloomberg.net
Stefanie Batcho-Lino