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Stock impact report

AB InBev alleges that a MillerCoors executive thanked the brewer for its corn syrup ad [CNBC]

Molson Coors Beverage Company Molson Coors Brewing Company Class A (TAP.A) 
US:NYSE Investor Relations: ir.molsoncoors.com/overview/default.aspx
Company Research Source: CNBC
AB InBev alleges that a MillerCoors executive thanked the brewer for its controversial Super Bowl ad A Bud Light ad targeting two of MillerCoors' beer brands led the Chicago-based company to take out a full page ad in the New York Times, pull out of a meeting that included Bud Light's parent But Anheuser-Busch InBev The U.S. subsidiary of Molson Coors Brewing sued its St. Louis-based competitor last month for its controversial corn syrup ad campaign The Bud Light brewer said in legal filings Thursday that MillerCoors' motion "offers a series of legal arguments that are contradicted by its own prior conduct and its current public statements." The company is asking that MillerCoors' request for a preliminary injunction is not granted. "Consumers are demanding more transparency, not baseless lawsuits," Cesar Vargas, AB InBev's vice president of legal and corporate affairs, said in a statement. "As we clearly demonstrate in our filings, our advertising is factual, straightforward and even Show less Read more
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