IN BRIEF: Fevertree launches share buyback to return Molson Coors cash
Fevertree Drinks PLC - London-based maker of carbonated mixers - Launches share buyback worth up to GBP71 million. The buyback will be run by Investec Bank PLC. It will start on Monday and be completed by September 30. The buyback was first announced late last month alongside a US distribution agreement with Molson Coors. As part of that deal, Molson Coors purchased an 8.5% stake in Fevertree for GBP71.0 million, and Fevertree said it would return that full amount to shareholders via a share buyback. Read More