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Closing Glance: Major beverage stocks mostly rise



By AP
11 July 2008 @ 04:17 pm EST

NEW YORK - Major beverage stocks mostly rose Friday despite broader market losses, after published reports said Anheuser-Busch Cos. is likely to accept a sweetened buyout offer from Belgian-based brewer InBev SA as early as this weekend, following weeks of a bitter public battle.

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Quotes
BUD 62.85 -0.24
TAP 43.63 -1.43
KO 49.3 -1.62
PEP 65.12 -1.52

SYMBOL LOOKUP

How shares of some major beverage makers performed:

Anheuser-Busch rose $5.29, or 8.6 percent, to $66.50.

Molson Coors Brewing Co. rose $1.15, or 2.2 percent, to $54.25.

Coca-Cola Co. rose 23 cents to $50.27.

PepsiCo Inc. fell 93 cents to $64.66.

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 This material may not be published, broadcast, rewritten or redistributed.

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