Molson-Coors merger plans might go flat

Sept. 9, 2004
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.

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

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