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Actionable news in TAP: MOLSON COORS BREWING COMPANY CLASS B,

Why Molson Coors Brewing (TAP) Stock Is Soaring Today

NEW YORK (TheStreet) -- Molson Coors Brewing (TAP - Get Report) stock is higher by 10.91% to $87.32 in early morning trading on Tuesday, after Anheuser-Busch InBev (BUD) agreed to acquire SABMiller (SBMRY) in a deal valued at $104.5 billion.

One byproduct of the deal would likely be brewing company Molson Coors's acquisition of SABMiller's 58% stake in their U.S. joint venture MillerCoors, as AB InBev and SABMiller attempt to make their merger more regulator-friendly, Reuters reports.

Molson Coors has the right of first and last offer, according to Bloomberg.

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"It's a real opportunity for Molson Coors," Philip Gorham, an analyst at Morningstar, told Bloomberg. "It's pretty obvious that Molson Coors is the only buyer in town. Generally, that means they acquire the assets at a good price."

Separately, TheStreet Ratings team rates MOLSON COORS BREWING CO as a Buy with a ratings score of A. TheStreet Ratings Team has this to...


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