Molson Coors Benefits From Beer Industry Acquisition Brouhaha

Shares of Molson Coors spiked on Monday making it TheStreet's Move of the Day. The Denver-based brewer of beers such as Coors and Blue Moon gained on merger talk in the industry. A day earlier, Dutch brewer Heineken said it had rejected an unsolicited bid from British beverage company SABMiller. Speaking for the controlling family which holds over 50% of Heineken’s voting shares, a spokesperson said, "Heineken has consulted with its majority shareholder and concluded that SABMiller’s proposal is non-actionable." Pundits have speculated Budweiser-maker Anheuser-Busch InBev is preparing to make a play for SABMiller.