TAP

Molson Coors Brewing Co

Consumer, Event Driven/Special Sit


Presented:06/29/2016
Price:$98.44
Cap:$20.16B
Current Price:$54.49
Cap:$11.29B

Presented

Date06/29/2016
Price$98.44
Market Cap$20.16B
Ent Value$20.15B
P/E Ratio43.18x
Book Value$46.11
Div Yield0%
Shares O/S204.80M
Ave Daily Vol1,374,386
Short Int2.35%

Current

Price$54.49
Market Cap$11.29B
Molson Coors Brewing Co. produces and sells beer. It brews, markets and sells a portfolio of brands such as Coors Light, Molson Canadian, Carling, Blue Moon, and Keystone Light across the Americas, Europe and Asia. The company operates through the following segments: Canada, the United States, Europe and Molson Coors International. It operates in Canada through Molson Coors Canada, in the United States through MillerCoors LLC, in Europe through Molson Coors Europe and Molson Coors International operating in various other countries. The company also markets and sells its brands, which include Coors, Coors 1873, Coors Extra, Coors Gold, Iceberg 9000, King Cobra, Royal Brew, and Zima. in various international markets. Molson Coors Brewing was founded in 1873 and is headquartered in Denver, CO.

Publicly traded companies mentioned herein: Molson Coors Brewing Company (TAP), Anheuser Busch InBev (BUD) and SABMiller (SBMRY).

Highlights

Molson Coors could well end up being the biggest beneficiary of the Anheuser Busch InBev (BUD)-SABMiller (SBMRY) deal. The company has a joint venture with SABMiller whereby it owns 42% of MillerCoors and has entered into an agreement with SABMiller to acquire the remaining 58% stake - a concession required by regulators in approving the BUD-SBMRY deal. The presenter for his part believes that the deal could well end up being transformational for TAP; while by no means a sexy top line grower, the company’s already stable business could benefit from meaningfully higher synergies than expected as a result of buying in the remaining MillerCoors stake.

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Idea Discussion

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