Molson Stock Up on Raised Coors Dividend
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Molson Inc. stock climbed nearly 4 percent in early trading Friday after the Canadian brewer and Adolph Coors Co. dramatically increased a special dividend to persuade wavering shareholders to approve their proposal to create a $6 billion brewer.
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Molson Inc. and Adolph Coors Co. agreed Friday to pay Molson shareholders a special dividend of $316 million, in another attempt to curry favor for their proposed merger.
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Molson Inc., Canada&#39;s biggest brewer, and Adolph Coors Co., agreed to pay Molson shareholders a special dividend of C$381 million ($315 million) as part of their proposed merger in an effort to win over investors.
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McDonald&#39;s Corp.  on  Wednesday raised its annual dividend by 50 percent as part of a  plan to return up to $17 billion to shareholders through 2009,  sending its shares up more than 2 percent in extended trade.
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Texas power company TXU Corp. (TXU.N: Quote, Profile, Research) on Monday raised its dividend by 350 percent, boosted its earnings forecast and increased its share buyback program
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Stocks headed for a higher open on  Tuesday, buoyed by news of an executive reshuffle at Starbucks  Corp  and as a rise in oil prices spurred gains in  energy shares.
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Stocks headed for a higher open on Tuesday, buoyed by news of an executive reshuffle at Starbucks Corp  and as a rise in oil prices spurred gains in energy shares.
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McDonald&#39;s (MCD:NYSE - news - research) raised its annual dividend by 38% to 55 cents Tuesday, enhancing the yield over an already reasonably priced stock that could benefit from steady earnings growth over the next several years.
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Shares in the Spirit AeroSystems Holdings unit of Onex, the Canadian leveraged buyout company, rose 12 percent.
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U.S. stocks edged higher on Tuesday as  rising oil and other commodity prices drove up shares of major  energy and metal producers.
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NEW YORK, November 5  - Molson Inc (MOL.A.TOR) has announced a special dividend payment worth about C$381 million for its shareholders, as part of its plans for a merger with the Adolph Coors Company (RKY).
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InBev  shares were up more than 6 percent on talk about a report in Brazillian newspaper Valor Economico that the brewer was in merger talks with Anheuser-Busch , traders said.
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The move is seen as an effort to appease Molson's investors, who have criticized the planned merger with Coors because it did not include a takeover premium for their shares.
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Restaurateur's shares shoot up on news of increased profitability.
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Some of the fizz has escaped from the proposed merger between Molson Inc. and Golden-based Adolph Coors Co. Molson has had trouble convincing institutional shareholders that the Coors deal is the best the
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McDonald's Corp. MCD.N on Wednesday   raised its annual dividend 49 percent to $1 a share as part of   the world's largest restaurant company's push to return more   cash to shareholders.
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Shares of McDonald&#39;s Corp. rose about 1.5 percent Tuesday as investors bet that the turnover in the restaurant chain&#39;s top post announced late Monday would not interrupt the progress of a nearly two-year-old turnaround.