On February 9, 2005, Molson Inc. and Adolph Coors Company completed the transaction announced on July 22, 2004 to combine Molson and Coors in a merger of equals.  The transaction, 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.

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, were advised by Davies Ward Phillips & Vineberg LLP in Montreal with a team comprised of Sylvain Cossette, Alan Golden,  Neil Kravitz  and Philippe Johnson (corporate and securities) and Michael Vineberg, Robert Raizenne and Brian Bloom (tax).