Shares of Molson Coors Brewing Company (NYSE:TAP) ended Wednesday session in red amid volatile trading. The shares closed down -0.04 points or -0.04% at $107.78 with 1.54 million shares getting traded. Post opening the session at $107.97, the shares hit an intraday low of $107.50 and an intraday high of $108.38 and the price vacillated in this range throughout the day. The company has a market cap of $23.02 billion and the numbers of outstanding shares have been calculated to be 193.92 million shares.
Molson Coors Brewing Company (TAP) manufactures and sells beer and other beverage products. The company sells its products under the Coors Light, Molson Canadian, Belgian Moon, Carling, Carling Black Label, Coors Altitude, Coors Banquet, Creemore Springs, the Granville Island, Keystone, Mad Jack, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Pilsner, and the Rickard’s family brands in Canada; and brews or distributes under the Amstel Light, Heineken, Murphy’s, Newcastle Brown Ale, Strongbow cider, Desperados, Dos Equis, Moretti, Sol, and Tecate brands.
Shares of Unilever N.V. (ADR) (NYSE:UN) ended Wednesday session in red amid volatile trading. The shares closed down -0.66 points or -1.42% at $45.77 with 1.55 million shares getting traded. Post opening the session at $46.00, the shares hit an intraday low of $45.68 and an intraday high of $46.02 and the price vacillated in this range throughout the day. The company has a market cap of $140.49 billion and the numbers of outstanding shares have been calculated to be 1.28 billion shares.
Unilever announced that it has signed an agreement to acquire Seventh Generation, Inc., the North American home and personal care products company.
Based in Vermont, Seventh Generation is a pioneer in corporate responsibility and sustainable product innovations, including plant-based detergents and household cleaners. The company’s turnover exceeded US $200m in 2015 and it has seen double digit compounded annual growth over the last 10 years.
Seventh Generation has a comprehensive product portfolio and a distribution network covering the ‘natural’ category in grocery, mass merchandise and e-commerce channels.
Nitin Paranjpe, President of Unilever’s Home Care business said: “Seventh Generation has long been a disruptor in the US marketplace, leading the industry in sustainable innovation while attracting new generations of conscious consumers. This addition to Unilever’s product portfolio will help us meet rising demand for high-quality products with a purpose.”
Kees Kruythoff, President of Unilever North America, added: “We’re thrilled to add Seventh Generation to our brand portfolio, providing us with the opportunity to accelerate growth with our retail partners and connect in new ways with consumers. Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan.”