E-Malt.com News article: 2970

Canada: Molson Inc. stocks may climb after the Wall Street Journal reported the brewer might combine with Adolph Coors Co., Bloomberg posted on July 19. Molson, Canada's biggest brewer, may advance 30 cents to C$32.90, according to bids for the shares already placed at the Toronto Stock Exchange. The talks are at a ``sensitive'' stage and could fall apart, the Journal said. Terms of a possible combination are still being discussed. One scenario would make Coors Chief Executive Leo Kiely chief executive of the combined company and Molson Chairman Eric Molson its chairman, the newspaper said.

21 July, 2004