Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Fevertree Drinks ( (GB:FEVR) ) has issued an announcement.
Fevertree Drinks has entered a strategic partnership with Molson Coors to enhance its growth in the US market. As part of this partnership, Molson Coors will acquire an 8.5% shareholding in Fevertree, and the proceeds will be returned to shareholders via a share buyback program. This collaboration is expected to leverage Molson Coors’ distribution network and expertise to expand Fever-Tree’s market presence and operational efficiencies in the US, marking a significant step for Fever-Tree’s brand and providing substantial marketing investments to drive further awareness.
More about Fevertree Drinks
Fevertree Drinks PLC is a leading supplier of premium carbonated mixers, recognized as the top tonic and ginger beer brand in the United States. The company operates within the beverage industry, focusing on both alcohol and non-alcohol occasions, and has experienced consistent growth, particularly in the US market since 2008.
YTD Price Performance: -1.68%
Average Trading Volume: 4,069
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $950.5M
For a thorough assessment of FEVR stock, go to TipRanks’ Stock Analysis page.
