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Closing Glance: Major beverage stocks mixed



By AP
01 July 2008 @ 04:42 pm EST

NEW YORK - Major beverage stocks finished mixed Tuesday, despite a slight rebound in the broader market as investors reacted to a better-than-expected sales report from General Motors Corp.

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Quotes
GM 9.92 -0.24
BUD 67.76 0.01
KO 53.51 -0.84
TAP 48.59 0.42
PEP 69.39 -0.46

SYMBOL LOOKUP

Earlier Tuesday, Belgian brewer InBev SA urged Anheuser-Busch Cos. shareholders to challenge the beer company's rejection of its unsolicited $46 billion takeover bid, but made no move to raise its offer.

How shares of some major beverage makers performed:

Anheuser-Busch fell 18 cents to close at $61.94.

Coca-Cola Co. lost 98 cents to $51.

Molson Coors Brewing Co. added 90 cents to $55.23.

PepsiCo Inc. gained 81 cents to $64.40.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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