Molson Coors ( TAP) is trending as the company plans to buy StarBev and its nine European breweries for $3.54 billion. Molson, which is attempting to expand its operations, is betting Europe will be a vibrant area once the economic crisis there subsides. The deal would help Molson's brands reach drinkers in central and Eastern Europe. StarBev is headquartered in the Czech Republic and has 4,100 workers. It distributes brands including Stella Artois, Beck's, Hoegaarden, Lowenbrau and Leffe. Molson expects that financing for the deal will include $3 billion in cash and debt and $667 million in convertible debt issued to the seller. The transaction should add to Molson's earnings in the first full year of operations. The deal, pending approval from European regulators, is expected to close in the second quarter.
Illumina ( ILMN) is another popular topic after the U.S. gene sequencing firm rejected Roche's improved bid for the company.
The chatter on Main Street (a.k.a. Google, Yahoo! and other search sites) is always of interest to investors on Wall Street. Thus, each day, TheStreet compiles the stories that are trending on the Web, and highlights the news that could make stocks move. -- Written by Brittany Umar.