Molson Inc. and Adolph Coors Co. (Coors) merge

Date Closed

February 09, 2005

Lead Office

Montréal

Value

7.70 Billion CAD

On February 9, 2005, Molson Inc. and Adolph Coors Co. completed the transaction announced on July 22, 2004 to combine Molson and Coors in a merger of equals. The deal, valued at approximately C$7.7 billion, created the world’s fifth largest brewer by volume. The transaction was effected by way of a plan of arrangement under the Canada Business Corporations Act, utilizing an exchangeable share structure.

McCarthy Tétrault advised Molson with a team that included Lorna Telfer, Garth Girvan, Patrick Boucher, Karl Tabbakh, Sonia Struthers, Arman Kuyumjian and Stephanie Lee (corporate and securities), Jerald Wortsman, Doug Cannon and Ylang Ha (tax), Yves Bériault, Oliver Borgers and Yves Comtois (competition/Investment Canada) and Gérald Tremblay, Q.C., François Giroux and Marc-André Landry (litigation). Peter Goode, Éric Gosselin, Philippe Fortier, Roger Chouinard, Ormonde Benson, Henry Wiercinski and Thomas Davis (corporate and finance) also worked on a reorganization of Molson Canada.

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