Molson Coors activism risk factor notice a ‘strange twist,’ says Gordon Haskett

Gordon Haskett’s head of event-driven research, Don Bilson, notes that Molson Coors added a new "risk factor" into the 10-K it filed on February 21 that says "Shareholder activism efforts or unsolicited offers from a third-party could cause a material disruption to our business and financial results," which the firm views as a "strange twist" for a "controlled" company such as Molson Coors. "Risk Factor" tweaks like this "haven’t proven to be particularly strong signals in the past," and "there are limits to how much noise an activist could create" at a "controlled" company such as Molson Coors, said the firm, which adds that it still tries "to flag the most interesting ones when we see them."