Molson Coors Brewing Co. Chief Executive Officer Peter Swinburn said the company plans to hold off on making new acquisitions as it focuses on paying down debt from last year’s purchase of the Czech Republic’s StarBev LP.
Bondholders in Turkey’s biggest brewer are signaling that protesters who’ve taken over Istanbul’s Taksim Square face disappointment as Prime Minister Recep Tayyip Erdogan indicated he won’t cede to their demands.
Blackstone Group LP, the world’s largest private-equity firm, is taking aim at the $5.4 trillion of cash on corporate balance sheets in the U.S. and Europe as regulators weigh changes that may reduce the appeal of money- market funds.
Molson Coors Brewing Co., the U.S. maker of Carling lager, agreed to buy StarBev LP for 2.65 billion euros ($3.54 billion) to add beer brands such as Staropramen and provide a route into central and eastern Europe.
Grupo Modelo SAB de CV , the Mexican brewer of Corona beer, and Molson Coors Brewing Co. have been exploring a possible joint bid for Australia’s Foster’s Group Ltd. , said five people with knowledge of the situation.