News Recap: Molson Coors Brewing Company, Tata Motors Limited, Tempur-Pedic International Inc, BMC Software

Lakeway, TX -- (SBWIRE) -- 03/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-

Molson Coors Brewing Company (NYSE:TAP) shares increased 3.87% to $46.97. Zacks restated their neutral rating on shares of Molson Coors in a research report sent to investors on Feb. 20. The firm currently has a $46.00 price target on the stock.

Additionally, the company, on Feb. 21, declared a regular quarterly dividend on its Class A and Class B common shares of US$0.32 per share, payable March 15, 2013, to shareholders of record on March 4, 2013. The quarterly dividend is payable to holders of Class A and Class B common stock of Molson Coors Brewing Company.

How Should Investors Trade TAP After The Recent Movement? Find Out Here

Tata Motors Limited (ADR) (NYSE:TTM) shares gained 3.85% to $27.78. The company last month said quarterly profit fell by more than half as earnings dropped at its Jaguar Land Rover business and a weak economy sapped vehicle sales at home. The company reported that its October-December net profit fell to 16.2 billion rupees ($302 million) from 34 billion rupees a year earlier. Jaguar Land Rover, which contributes the bulk of Tata's earnings, suffered a 25 percent fall in quarterly profit to 296 million pounds ($459 million) partly due to marketing and launch costs for a new line or Range Rover vehicles.

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Tempur-Pedic International Inc. (NYSE:TPX) shares increased 3.84% to $43. The company, on Feb. 25, announced an update to investors on the anticipated timing for the closing of the proposed acquisition of Sealy Corporation. Sealy's Information Statement has been cleared by the Securities and Exchange Commission and was mailed to stockholders on February 22. Under the terms of the Merger Agreement with Sealy, this mailing must occur at least 20 calendar days prior to the closing of the acquisition. This condition will be satisfied on March 14, 2013.

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BMC Software, Inc. (NASDAQ:BMC) shares climbed 3.73% and closed at $42.32 after the company has attracted renewed buyout interest from private-equity funds, people with knowledge of the matter said yesterday. KKR & Co. and TPG Capital have separately expressed interest in Houston-based BMC, said the people, who declined to be identified because the talks are private. BMC held similar talks last year amid pressure from activist investor Elliott Associates LP before deciding to buy back $1 billion in shares instead.

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