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Tilray Brands ($TLRY) has completed the acquisition of craft beer brands and breweries from Molson Coors Beverage Company ($TAP). This move has led to speculation about Molson Coors' future activities, including potential takeover discussions. Molson Coors representatives pulled out of the Barclays 17th Annual Global Consumer Staples Conference, fueling further chatter about the company's strategic direction. Shares of Molson Coors rose 5.4% amid the speculation.
$TAP - shares of Molson Coors gained 5.4% on chatter the company had pulled out of the conference. With a market cap of just $12B, TAP is dwarfed by $BUD, $STZ, $DEO, $HEINY but instead of looking at $TAP as being acquired, perhaps they are looking to do the acquiring? $SAM… https://t.co/RzyyLwFnE4
$TAP Representatives of Molson Coors pulled out of the Barclays 17th Annual Global Consumer Staples Conference. CTFN notes that the move could signal advanced takeover discussions involving the North American brewer. See the full reporting at https://t.co/qjRnYWvfcK #mergers…
Hearing confirmation that $TAP cxld out of the Barclays Conf for tomorrow, was expected to present at 945am as well as the Wells conf hence this move
