• Molson-Coors merger plans might go flat

    Molson Inc’s planned merger with Adolph Coors Co may not have enough shareholders to endorse it because another offer may be considered soon.

    Molson Inc’s planned merger with Adolph Coors Co may not have enough shareholders to endorse it because another offer may be considered soon, according to Dan O’Neill, chief executive officer of Canada-based Molson.

    As part of the proposed merger with Golden CO-based Coors, Molson shareholders would receive 0.36 shares of a new Molson Coors, or about $24 to $25 per share, for each Molson share. Coors shareholders would trade their shares one for one.

    O’Neill said he has not ruled out the likelihood of a rival bid from a group led by former vice-chairman Ian Molson. This bid, reportedly involving Toronto-based Onex Corp and perhaps another brewery, could be in the $3.8 billion range, which would amount to about $30 for each Molson share.

    About the Author

    from staff and wire reports

    Voice your opinion!

    To join the conversation, and become an exclusive member of FleetOwner, create an account today!

    Sign up for our free eNewsletters

    Latest from Refrigerated Transporter

    Lineage
    lineage_port_of_seattle_facility
    The company’s Garfield location now is its first certified customs-bonded cold storage warehouse in Washington, helping customers navigate the complexity of global trade.
    Sunswap
    English food retailer Tesco recently deployed five Sunswap Endurance electric transport refrigeration units.
    Sunswap’s zer0-emission transport refrigeration units with batteries and roof-mounted solar panels are expected to help Tesco meet its sustainability goals.
    Americold
    americold_nb_port_groundbreaking
    Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.