Miller Lite brewer Molson Coors (TAP) says it will expand its U.S. soft drinks business through a strategic partnership with UK-based

As part of the agreement, the beer giant will manage the sales, distribution and production of Fevertree’s products in the US.

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors' took an 8.5% stake in the firm, in a deal giving the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

The London-listed mixer-maker said Molson Coors would acquire an 8.5% shareholding in Fevertree.

Molson Coors is to acquire an 8.5% stake in the British tonic maker Fever-Tree, in a deal worth $88 million (€84.42 million).

By Shashwat Awasthi (Reuters) -Shares of Fevertree Drinks surged almost 24% after Molson Coors took an 8.5% stake in a $88 million deal that gives the beer giant exclusive rights to market the British company's cocktail mixers and tonic water in the United States.

Molson Coors is snapping up an 8.5% stake in Fevertree for £71m and will take on exclusive sales, distribution and production of the carbonated mixer brand in the US.

The agreement will see Molson Coors handle the exclusive sales, distribution and production of the Fevertree brand in the US.

Fever-Tree Drinks said it reached a long-term partnership with Molson Coors to boost growth in the U.S. and that it would launch a share buyback. The London-listed mixer-maker on Thursday said Molson Coors would acquire an 8.