13:26:06 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Molson Coors Canada Inc
Symbol TPX
Shares Issued 18,920,350
Close 2014-04-15 C$ 62.43
Market Cap C$ 1,181,197,451
Recent Sedar Documents

FP/CP say Molson, Miller head back to court

2014-04-16 09:37 ET - In the News

The Financial Post reports in its Wednesday, April 16, edition that two brewing giants are heading back to court in their battle over the Canadian distribution rights for several brands of Miller beer after talks to reach an out-of-court settlement fell through. A Canadian Press dispatch to the Post reports that the dispute between Molson Coors and Miller Brewing Co. follows an attempt by Miller to terminate its Canadian licensing agreement with Molson Coors. A Molson Coors spokesman said Tuesday: "The parties have been engaged in settlement discussions but have been unable to reach a settlement at this time. ... Therefore, we are asking the court to schedule a trial date for the matter to be heard." The talks followed a legal skirmish last June when a court issued a temporary injunction blocking Miller from terminating the agreement, which covers such brands as Millers Genuine Draft, Miller Lite and Miller High Life. Miller has said it wants to develop the brands in Canada on its own. It intended to terminate the agreement with Molson Coors effective July 22, saying it had given the required six-month notification. However, Molson Coors Canada filed suit to prevent the move.

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