Molson, Coors Set January Merger Vote, Hire BMO to Get Ballots
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Molson Inc. and Adolph Coors Co. plan to hold shareholders votes on their merger to create the world&#39;s fifth-biggest brewer on Jan. 19 and hired Bank of Montreal&#39;s securities arm to persuade investors to cast ballots.
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Carlsberg  and Heineken  on Friday agreed a joint cash bid of 800 pence a share for Scottish and Newcastle (S&N)  that will split up the British brewer of Foster's and Kronenbourg.
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Molson Inc. Chief Executive Officer Daniel O&#39;Neill said he&#39;ll provide investors with a ``positive&#39;&#39; response to their concerns over the company&#39;s plan to let stock- option holders vote on its planned merger with Adolph Coors Co.
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SYDNEY: News Corp Ltd said it plans to hold a shareholder vote on its proposed reincorporation to the US at its annual general meeting in Adelaide on Oct 26, after obtaining approval from Australia&#39;s Federal Court earlier yesterday.
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Both companies get shareholder nod for $11 billion merger intended to improve efficiencies, competitive muscle.
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In a bid to gain support for its proposed merger with the Adolph Coors Company, the Canadian brewer Molson offered minority shareholders a $316 million special dividend on Friday, contingent on the merger&#39;s approval.
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Carlsberg (CARLb.CO) and Heineken   on Friday agreed a joint cash bid of 800 pence a  share for Scottish and Newcastle (S&N)  that will split  up the British brewer of Foster's and Kronenbourg.
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Setting the stage for what could be the final act in the Yukos drama, shareholders in the company will gather next month to vote on whether it should declare bankruptcy, the company&#39;s top official said on Wednesday.
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Executives of the carrier want to engage in merger discussions with United Airlines and Northwest Airlines as a way to cut costs and stay profitable.
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Oracle Corp. plans to nominate four candidates for election to rival PeopleSoft Inc.'s board of directors as part of its battle to acquire the rival software company.
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Molson Inc. and Adolph Coors Co. said on Thursday they will again sweeten the merger deal between the Canadian and U.S. brewers and delay shareholder votes on the plan.
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The battle for Japanese beer maker  Sapporo Holdings (2501.T), which faces a takeover bid by U.S.  hedge fund Steel Partners, fizzed on Friday with newspapers  reporting that bigger rivals Asahi Breweries Ltd. (2502.T) or  Kirin Brewery (2503.T) may integrate Sapporo.
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Molson drops a plan to have an option-holders&#39; vote, and Coors hires an investment bank to court stock owners. In a bid to build support for its proposed merger with Adolph Coors Co.
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The pan-European stock market operator Euronext said that its shareholders were to vote on December 19 on whether to approve a merger with the New York Stock Exchange.
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Brewing giant SABMiller Plc said on  Wednesday it would welcome merger talks with Canada's Molson  Inc. if the Canadian brewer's own $8 billion merger with U.S.  beermaker Adolph Coors Co. were to fail.
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No. 2 U.S. beermaker SABMiller's  move to combine American operations with No. 3 Molson Coors  will likely be approved even though it will increase market concentration, antitrust experts said.
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Daniel O&#39;Neill, Molson chief executive officer, stands to make $3-million following the successful completion of the company&#39;s proposed merger with Adolph Coors Co.