Stockholders want more value than its deal with Coors offers
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Some of the fizz is gone from the proposed merger between Molson and Golden, Colo.-based Adolph Coors Co. Molson has had trouble convincing institutional shareholders the Coors deal
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These companies want to buyback their shares, which just might boost their earnings per share.
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The best stocks aren't always the most exciting businesses.
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The aluminum producer Alcoa said in a statement that it would continue to pursue its $27.4 billion cash and stock bid for a rival, Alcan, despite the Canadian companyâs rejection of the offer. But Alcoaâs chairman and chief executive, Alain J. P. Belda, said that the company would not enhance the proposal, which Alcan called inadequate. âWe have studied Alcanâs response and have not seen anything that would lead us to re-evaluate our offer,â Mr. Belda said. He also rejected suggestions by Alcan that Alcoa would have difficulty obtaining antitrust approval for the merger and urged Alcanâs board to resume its examination of the bid.
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Shares of Australian Leisure &amp; Hospitality Group, the nation&#39;s biggest pubs owner, may rise after Coles Myer Ltd. increased its takeover offer to A$1.
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Johnson Matthey was in demand on Wednesday amid talk that it could be a takeover target for Dow Chemical (NYSE:DOW).
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With Yahooâs shares up slightly on the news that its board has officially rejected the $31 a share bid from Microsoft, it appears investors are betting the company is looking for a better deal.
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MONTREAL (CP) - Molson Inc. may have removed the last obstacle to its proposed merger with Colorado beer maker Adolph Coors Co. on Friday, after it agreed to fork out a premium of $3.
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Stock prices are near the highest  level ever, but instead of triggering giddy euphoria, the rise  is inspiring doubt and concern that stock values might be too  high.
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Molson Inc. and Adolph Coors Co. said on Thursday they will again sweeten the merger deal between the Canadian and U.S. brewers and delay shareholder votes on the plan.
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While it has rejected each of Oracle Corp.'s takeover offers today, PeopleSoft's board of directors is willing to talk about a deal at the right price, a member of the company's board said today.
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The hotelier's strong quarter isn't enough to please investors.
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VANCOUVER, British Columbia  - Molson Inc. and  Adolph Coors Co. said on Thursday they will again sweeten the  merger deal between the Canadian and U.S brewers and delay  shareholder votes on the plan.
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Anheuser-Busch Cos. Inc.'s  pact  to import InBev  brands such as Stella Artois gives  the U.S. brewer high-end beers it needs to compete, analysts  agree, but Wall Street is unsure how much the deal may help  Bud's profits.
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Union and business leaders seek reassurance after the UK's biggest brewer accepted a takeover offer.
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The stock looks reasonably valued but some core businesses are struggling to grow.
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Dow Jones & Co. Inc.  is looking at opportunities to acquire companies for its consumer media group, but few fit its criteria now as valuations are too high, senior executives said on Wednesday.