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BUD

AB InBev

$128.15

0.66 (0.52%)

, TAP

Molson Coors

$109.09

-0.7443 (-0.68%)

11:24
10/11/16
10/11
11:24
10/11/16
11:24

AB InBev completes MillerCoors disposal

Anheuser-Busch InBev (BUD) announces completion of the divestiture of SABMiller Limited's, formerly SABMiller plc's, interest in MillerCoors LLC, a joint venture in the U.S. and Puerto Rico between Molson Coors (TAP) and SABMiller. The total transaction is valued at $12B, and was originally announced on November 11, 2015. Molson Coors has acquired SABMiller's 50% voting interest and 58% economic interest in MillerCoors. MillerCoors has become a wholly owned subsidiary of Molson Coors, and Molson Coors has full control of the operations and resulting economic benefits of MillerCoors. Molson Coors has acquired full ownership of the Miller brand portfolio outside of the U.S. and perpetual licenses to the U.S. rights to all of the brands currently in the MillerCoors portfolio for the U.S. market, including import brands such as Peroni and Pilsner Urquell. The sale also includes the global Miller brand, currently sold in over 50 countries, as well as related trademarks and other intellectual property rights.

BUD

AB InBev

$128.15

0.66 (0.52%)

TAP

Molson Coors

$109.09

-0.7443 (-0.68%)

  • 01

    Nov

BUD AB InBev
$128.15

0.66 (0.52%)

10/10/16
GSCO
10/10/16
INITIATION
GSCO
Buy
AB InBev reinstated with a Buy at Goldman
10/10/16
10/10/16
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Netflix (NFLX) initiated with a Sell at Deutsche Bank. 2. Noble Midstream (NBLX) initiated with an Overweight at Barclays, a Hold at Deutsche Bank, an Overweight at JPMorgan, an Outperform at Baird, a Buy at Mizuho, a Buy at Citi, and an Overweight at MUFG. 3. AB InBev (BUD) reinstated with a Buy at Goldman. 4. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. First Solar (FSLR) initiated with a Neutral at Piper Jaffray. 5. Molson Coors (TAP) reinstated with a Buy at Goldman and resumed with a Buy at BofA/Merrill. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
10/11/16
JPMS
10/11/16
INITIATION
Target $133.28
JPMS
Neutral
AB InBev reinstated with a Neutral at JPMorgan
JPMorgan analyst Komal Dhillon reinstated AB InBev with a Neutral rating and $133.28 price target.
TAP Molson Coors
$109.09

-0.7443 (-0.68%)

10/10/16
GSCO
10/10/16
INITIATION
Target $130
GSCO
Buy
Molson Coors reinstated with a Buy at Goldman
Goldman analyst Judy Hong reinstated Molson Coors with a Buy and a $130 price target following the completion of its full acquisition of the MillerCoors US joint venture and global rights to the Miller brand. The analyst views the deal as transformational for Molson Coors and sees solid 10%+ EPS CAGR driven by from sizable margin gains, strong cash generation, and stable top-line growth.
10/10/16
BOFA
10/10/16
INITIATION
Target $140
BOFA
Buy
Molson Coors coverage resumed with a Buy at BofA/Merrill
BofA/Merrill analyst Bryan Spillane reinstated coverage on Molson Coors with a Buy and a $140 price target.
10/11/16
BOFA
10/11/16
INITIATION
Target $140
BOFA
Buy
Molson Coors coverage resumed with a Buy at BofA/Merrill
BofA/Merrill analyst Bryan D. Spillane resumed coverage on Molson Coors with a Buy and a $140 price target.

TODAY'S FREE FLY STORIES

CREE

Cree

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0.4 (1.10%)

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CREE

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PUBGY

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MRK

Merck

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0.42 (0.69%)

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BCS

Barclays

$11.68

-0.06 (-0.51%)

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VZ

Verizon

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CBOE

Cboe Global Markets

$134.56

0.68 (0.51%)

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RIG

Transocean

$11.68

-0.25 (-2.10%)

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GPRO

GoPro

$6.30

0.01 (0.16%)

, JPM

JPMorgan

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$6.30

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JPM

JPMorgan

$114.46

0.13 (0.11%)

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MET

MetLife

$53.56

-0.29 (-0.54%)

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CVE

Cenovus Energy

$10.43

0.04 (0.38%)

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UTX

United Technologies

$135.52

0.31 (0.23%)

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  • 24

    Jan

AGN

Allergan

$187.32

-0.83 (-0.44%)

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VZ

Verizon

$53.23

-0.235 (-0.44%)

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CHFN

Charter Financial

$18.13

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FOX

21st Century Fox

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, FOXA

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SKYAY

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$NSD

NASDAQ Market Internals

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NFLX

Netflix

$227.58

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, AMZN

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$NYE

NYSE Market Internals

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HPE

HP Enterprise

$16.46

0.41 (2.55%)

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  • 01

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NFLX

Netflix

$227.58

7.12 (3.23%)

, TRV

Travelers

$145.27

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TRV

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VZ

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JNJ

Johnson & Johnson

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PG

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TSLA

Tesla

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RMD

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WHR

Whirlpool

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TWTR

Twitter

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INSM

Insmed

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  • 23

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UAL

United Continental

$76.96

0.09 (0.12%)

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RHHBY

Roche

$30.79

0.1 (0.33%)

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