Beverage blockbuster: Fevertree skyrockets after inking a U.S. distribution deal with Molson Coors
As part of the deal, Molson Coors ( TAP) will acquire an 8.5% stake in Fevertree Drinks plc ( OTCPK:FQVTF) ( OTCPK:FQVTY) for £71 million ($88.29 million), becoming the company's second-largest shareholder. Fever-Tree plans to return this amount to shareholders through a share buyback program.