Molson Inc. and Adolph Coors Company completed a CDN$7.7 billion merger creating 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. Davies advised Eric Molson, the former Chairman of Molson and the Chairman of Molson Coors, and Pentland Securities (1981), Inc., the controlling shareholder of Molson and a corporation controlled by Eric Molson.
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2005