By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors' took an 8.5% stake in the firm, in a deal giving the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

As part of the agreement, the beer giant will manage the sales, distribution and production of Fevertree’s products in the US.

Molson Coors Beverage Company (NYSE:TAP) has formed a strategic alliance with Fever-Tree Drinks plc to broaden its portfolio of non-alcoholic drinks in the U.S. Beginning on February 1, 2025, Molson Coors will take on exclusive rights for the marketing,

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

The London-listed mixer-maker said Molson Coors would acquire an 8.5% shareholding in Fevertree.

Miller Lite brewer Molson Coors (TAP) says it will expand its U.S. soft drinks business through a strategic partnership with UK-based

Fevertree sells an 8.5% stake to Molson Coors to boost its US expansion. Discover how this £71m deal, combined with an exclusive licensing agreement, might reshape the premium mixer’s future.

The sale of an 8.5% shareholding in Fever-Tree is part of a broader partnership between the two firms, with Molson Coors now exclusively responsible for the sales, distribution and production of the Fever-Tree brand in the US.

US brewer Molson Coors is to buy an 8.5% stake in Fevertree for £71m, with the proceeds to be returned to shareholders via a share buyback.