During Thursday’s Morning trade, Shares of Lowe’s Companies, Inc. (NYSE:LOW), gained 0.06% to $72.16.
In conjunction with the Lowe’s Companies, third quarter 2015 earnings press release, you are invited to listen to its conference call to be broadcast live over the internet on Wednesday, November 18, 2015 at 9:00 a.m. Eastern Time with: Robert A. Niblock, chairman, president and chief executive officer; Rick D. Damron, chief operating officer; and Robert F. Hull, Jr., chief financial officer. Supplemental slides will be available fifteen minutes priority to the start of the conference call.
Lowe’s Companies, Inc. operates as a home improvement retailer. The company offers products for maintenance, repair, remodeling, and home decorating. It provides home improvement products under the categories of kitchens and appliances; lumber and building materials; tools and hardware; fashion fixtures; rough plumbing and electrical; lawn and garden; seasonal living; paint; home fashions; storage and cleaning; flooring; millwork; and outdoor power equipment.
Shares of Anheuser Busch Inbev SA (ADR) (NYSE:BUD), declined -0.04% to $121.58, during its current trading session.
Molson Coors Brewing Company, declared that it has reached a definitive agreement with Anheuser-Busch InBev SA/NV (Euronext: ABI; NYSE: BUD) (“AB InBev”) to purchase SABMiller plc’s (LSE: SAB; JSE: SAB) (“SABMiller”) 58% stake in MillerCoors (“MillerCoors”), the joint venture formed in the United States by SABMiller and Molson Coors in 2008. Molson Coors presently owns 42% of MillerCoors. Under the agreement, Molson Coors will also acquire full ownership of the Miller brand portfolio outside of the U.S. and retain the rights to all of the brands presently in the MillerCoors portfolio for the US market, counting Redd’s and import brands such as Peroni and Pilsner Urquell. The transaction is valued at $12.0 billion USD, and is conditioned upon the closing of AB InBev’s acquisition of SABMiller, which is predictable in the second half of 2016.
The transaction will be financed through a combination of cash on hand and proceeds from issuances of new debt and equity. Molson Coors has received committed debt financing from Citigroup Global Markets, Bank of America Merrill Lynch and UBS Investment Bank.
Mark Hunter, president and chief executive officer of Molson Coors stated, “This transaction is a game-changing opportunity for Molson Coors and advances our ambition to be the first choice for consumers and customers. MillerCoors is a business we know very well – its strategy, culture, brands and people – and we look forward to meeting and surpassing the needs of our valued distributor partners and consumers across the U.S. In consolidating ownership of MillerCoors, we will strengthen our presence in the highly attractive U.S. beer market, further improve our global scale and agility, benefit from significantly improved cash flows, and capture substantial operational synergies. Furthermore, the acquisition of the Miller brand rights globally will assist accelerate Molson Coors’ growth strategy by strengthening our international beer portfolio with a powerful and authentic American brand, in addition to expand our presence in high-growth markets.
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It offers a portfolio of about 200 beer brands, which comprises Budweiser, Corona, Stella Artois, Beck’s, Leffe, Hoegaarden, Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass, and Jupiler. Anheuser-Busch InBev SA/NV was founded in 1366 and is headquartered in Leuven, Belgium.
Finally, Shares of Wendys Co (NASDAQ:WEN), gained 1.05%, and is now trading at $9.64.
Wendy’s High School Heisman, declared the male and female State Winners from the Northeast region. Now, these outstanding students are in the running to be named one of 10 National Finalists – five males and five females from across the country. National Winners will be declared during a ceremony in New York City on December 11.
Wendy’s High School Heisman recognizes outstanding students across the country for their athletic prowess, academic achievement and leadership within their community. Like The Heisman Memorial Trophy®, Wendy’s believes in the pursuit of athletic and academic excellence with integrity. Additionally, Wendy’s High School Heisman is committed to inspire high school students to achieve his or her personal best and pursue their higher educational aims.
“These State Winners epitomize the Heisman ideals and embody the leadership to inspire other students to learn, perform and lead just like them,” said Archie Griffin, Wendy’s High School Heisman spokesperson and the two-time collegiate Heisman Trophy winner. “For more than twenty years, Wendy’s High School Heisman has recognized outstanding students. As my friend Dave Thomas believed Wendy´s should have a higher purpose, I am proud to join Wendy´s in sharing with this year’s Winners the prestigious Heisman name in addition to celebrating their achievements.”
The Wendy’s Company, through its auxiliaries, owns and franchises Wendy’s restaurant system. The company is involved in operating, developing, and franchising a system of quick-service restaurants. As of May 26, 2015, its restaurant system comprised about 6,500 franchised and company-operated restaurants worldwide.