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Closing Glance: Major beverage stocks mostly rise
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NEW YORK - Major beverage stocks mostly rose Friday despite broader market losses, after published reports said Anheuser-Busch Cos. is likely to accept a sweetened buyout offer from Belgian-based brewer InBev SA as early as this weekend, following weeks of a bitter public battle.
How shares of some major beverage makers performed:
Anheuser-Busch rose $5.29, or 8.6 percent, to $66.50.
Molson Coors Brewing Co. rose $1.15, or 2.2 percent, to $54.25.
Coca-Cola Co. rose 23 cents to $50.27.
PepsiCo Inc. fell 93 cents to $64.66.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Data is a real-time snapshot *Data is delayed at least 15 minutes