28th
July
2007
Molson Coors three years later
The Toronto Globe and Mail offers their analysis of the Molson-Coors merger three years after it was announced.
The verdict? It’s working.
So, while [investors and brokerage firms] were sleeping, here’s what they missed: The merger is working. After a difficult start, Molson Coors has got its act together. It has cut costs, refinanced debt, opened a new brewery in Virginia and sold more silver bullets to beer-drinking Canucks than ever before. The stock market has responded: In the past year, Molson Coors shareholders have made 38 per cent, including dividends, beating returns from Anheuser-Busch and Heineken.
(via Click A Bottle)
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