MOLSON AND COORS IN MERGER TALKS
By Adnews Staff
Molson and Coors confirmed yesterday they are in advanced talks about a possible merger of the two companies. The terms are still being discussed and the proposed merger may or may not happen, according to the companies. Under the current proposal Eric Molson, currently Molson chairman, would become chairman of the board of the combined company. Leo Kiely, CEO of Coors, would become CEO of the new company and Daniel O'Neill, president and CEO of Molson, would become vice chairman of synergies and integration. Neither company plans to make any further comment until an agreement is reached or the negotiations are terminated.
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