Molson Coors, SABMiller to merge

10/9/2007 | Wall Street Journal, The

Molson Coors and SABMiller plc have announced plans to merge their U.S. and Puerto Rican interests to create a $6.6 billion company. SABMiller will have a 58% interest in the new venture, named MillerCoors, and Molson Coors will have a 42% interest. "This transaction is driven by the profound changes in the U.S. alcohol beverage industry that are confronting both of our companies with new challenges," Molson Coors Vice Chairman Pete Coors said.

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