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BUSINESS
February 6, 2005
A weekly briefing on the economic calendar Monday Consumer credit for December Earnings: Clorox, Conseco, Goodrich, Hasbro, Humana, Louisiana-Pacific, WellPoint, Activision, Cendant Tuesday Earnings: EarthLink, Marriott, Taser International, Aon, Cisco Systems, Goodyear, Nationwide, Prudential Wednesday Wholesale inventories for December Earnings: Adolph Coors, American International Group, Aramark, Cigna, Diamond Offshore Drilling, Medtronic, MetLife,...
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BUSINESS
February 6, 2005
A weekly briefing on the economic calendar Monday Consumer credit for December Earnings: Clorox, Conseco, Goodrich, Hasbro, Humana, Louisiana-Pacific, WellPoint, Activision, Cendant Tuesday Earnings: EarthLink, Marriott, Taser International, Aon, Cisco Systems, Goodyear, Nationwide, Prudential Wednesday Wholesale inventories for December Earnings: Adolph Coors, American International Group, Aramark, Cigna, Diamond Offshore Drilling, Medtronic, MetLife,...
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BUSINESS
By THE DENVER POST | January 29, 2005
Shareholders of Molson Inc., Canada's largest brewer, voted yesterday to approve its merger with Adolph Coors Co., the No. 3 U.S. brewery, all but sealing the deal that had met stiff criticism from Canadian investors. Coors shareholders, who will vote in Golden, Colo., on Tuesday, also are expected to ratify the deal, which will create the world's fifth-largest brewer with $6 billion in annual sales. If that happens, the historic Adolph Coors Co. name will disappear in favor of Molson Coors Brewing Co. The U.S. operating unit will continue to be called Coors Brewing Co. The deal, announced in July, required approval by two-thirds of both classes of Molson shareholders.
BUSINESS
By THE DENVER POST | January 29, 2005
Shareholders of Molson Inc., Canada's largest brewer, voted yesterday to approve its merger with Adolph Coors Co., the No. 3 U.S. brewery, all but sealing the deal that had met stiff criticism from Canadian investors. Coors shareholders, who will vote in Golden, Colo., on Tuesday, also are expected to ratify the deal, which will create the world's fifth-largest brewer with $6 billion in annual sales. If that happens, the historic Adolph Coors Co. name will disappear in favor of Molson Coors Brewing Co. The U.S. operating unit will continue to be called Coors Brewing Co. The deal, announced in July, required approval by two-thirds of both classes of Molson shareholders.
BUSINESS
By BLOOMBERG NEWS | August 3, 2002
WASHINGTON - Joseph Coors Jr., a member of the family that founded Adolph Coors Co., the third-largest U.S. brewery, was swindled in a scheme in which he and others invested $40 million, the Securities and Exchange Commission said. Golden Heritage LLC, a family investment body controlled by Joseph Coors, joined in a program that promised a 100 percent return per week, the SEC alleged in a complaint filed in a federal court in San Francisco. Coors was told that his money would be invested in bank or other financial institution instruments rated AA or better, the SEC said.
BUSINESS
February 8, 2002
Lower crude prices undercut profits at Royal Dutch Shell Group, dragging down the company's net income by 71 percent in the fourth quarter, the company reported yesterday, saying it plans to cut as much as 15 percent of the work force -- or 1,800 jobs -- at its U.S. gas station network. Shell said its net income plunged to $900 million from $3.11 billion in 2000, even though Shell produced an exceptional volume of natural gas during the three months that ended Dec. 31. The decline in profits exceeded analysts' expectations.
BUSINESS
By BLOOMBERG NEWS | July 23, 2004
MONTREAL - Molson Inc., Canada's biggest beer brewer, and No. 3 U.S. brewer Adolph Coors Co. agreed yesterday to merge in a $3.4 billion share swap, seeking to end a loss in market share to Anheuser-Busch Cos. and Interbrew SA. Molson Chairman Eric H. Molson will serve as board chairman of the combined company and Coors Chief Executive Officer W. Leo Kiely III will be chief executive officer, the companies said jointly. Molson shareholders will own 55 percent of the new stock and Coors will own 45 percent.
BUSINESS
By Andrew Leckey and Andrew Leckey,1991 Tribune Media Services, Inc 435 N. Michigan Ave., Chicago, Ill. 606ll | May 8, 1991
Q. I always go for the underdog, and in this case, I' considering investing a small amount in Adolph Coors, Clas B stock. After being dogged with so many problems, is its luck changingA. Any recent improvements aren't a result of luck, but rather a long-overdue reality check by top management.Purchase shares of brewer Adolph Coors, Class B (around $22 a share, over the counter) because the company has finally "wisened up" by beefing up its marketing, getting along with unions, expanding its product line and selling its product nationwide, said Joe Frazzano, analyst with Oppenheimer & Co.It's true that first-quarter earnings of $6.3 million were down 18 percent from a year ago due to recession and the Persian Gulf War according to the company.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | February 12, 1992
Q. I'm always hearing about the other big brewers, but not much about Adolph Coors.I own 35 shares and want to know where my investment stands.A. This company is a spunky chimp locked in a brutal battle with two powerful gorillas.Sell your shares of Adolph Coors Co. (Class B, around $21 a share, over the counter), the nation's third-largest brewer with a 13 percent market share, for it's becoming increasingly difficult to compete against the giant brewers, said George Thompson, analyst with Prudential Securities.
BUSINESS
By BLOOMBERG NEWS | July 23, 2004
MONTREAL - Molson Inc., Canada's biggest beer brewer, and No. 3 U.S. brewer Adolph Coors Co. agreed yesterday to merge in a $3.4 billion share swap, seeking to end a loss in market share to Anheuser-Busch Cos. and Interbrew SA. Molson Chairman Eric H. Molson will serve as board chairman of the combined company and Coors Chief Executive Officer W. Leo Kiely III will be chief executive officer, the companies said jointly. Molson shareholders will own 55 percent of the new stock and Coors will own 45 percent.
BUSINESS
By BLOOMBERG NEWS | August 3, 2002
WASHINGTON - Joseph Coors Jr., a member of the family that founded Adolph Coors Co., the third-largest U.S. brewery, was swindled in a scheme in which he and others invested $40 million, the Securities and Exchange Commission said. Golden Heritage LLC, a family investment body controlled by Joseph Coors, joined in a program that promised a 100 percent return per week, the SEC alleged in a complaint filed in a federal court in San Francisco. Coors was told that his money would be invested in bank or other financial institution instruments rated AA or better, the SEC said.
BUSINESS
February 8, 2002
Lower crude prices undercut profits at Royal Dutch Shell Group, dragging down the company's net income by 71 percent in the fourth quarter, the company reported yesterday, saying it plans to cut as much as 15 percent of the work force -- or 1,800 jobs -- at its U.S. gas station network. Shell said its net income plunged to $900 million from $3.11 billion in 2000, even though Shell produced an exceptional volume of natural gas during the three months that ended Dec. 31. The decline in profits exceeded analysts' expectations.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | February 12, 1992
Q. I'm always hearing about the other big brewers, but not much about Adolph Coors.I own 35 shares and want to know where my investment stands.A. This company is a spunky chimp locked in a brutal battle with two powerful gorillas.Sell your shares of Adolph Coors Co. (Class B, around $21 a share, over the counter), the nation's third-largest brewer with a 13 percent market share, for it's becoming increasingly difficult to compete against the giant brewers, said George Thompson, analyst with Prudential Securities.
BUSINESS
By Andrew Leckey and Andrew Leckey,1991 Tribune Media Services, Inc 435 N. Michigan Ave., Chicago, Ill. 606ll | May 8, 1991
Q. I always go for the underdog, and in this case, I' considering investing a small amount in Adolph Coors, Clas B stock. After being dogged with so many problems, is its luck changingA. Any recent improvements aren't a result of luck, but rather a long-overdue reality check by top management.Purchase shares of brewer Adolph Coors, Class B (around $22 a share, over the counter) because the company has finally "wisened up" by beefing up its marketing, getting along with unions, expanding its product line and selling its product nationwide, said Joe Frazzano, analyst with Oppenheimer & Co.It's true that first-quarter earnings of $6.3 million were down 18 percent from a year ago due to recession and the Persian Gulf War according to the company.
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