Molson, Coors to pay dividend as part of merger agreement
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Canadian brewer Molson Inc., concerned about having enough shareholder support to complete its merger with Adolph Coors Co., said Friday the companies have agreed to pay a special dividend
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NEW YORK, November 5  - Molson Inc (MOL.A.TOR) has announced a special dividend payment worth about C$381 million for its shareholders, as part of its plans for a merger with the Adolph Coors Company (RKY).
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Molson drops a plan to have an option-holders&#39; vote, and Coors hires an investment bank to court stock owners. In a bid to build support for its proposed merger with Adolph Coors Co.
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The move is seen as an effort to appease Molson's investors, who have criticized the planned merger with Coors because it did not include a takeover premium for their shares.
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TORONTO - Goldcorp is allowing its shareholders to vote on a proposed merger with Wheaton River Minerals. Goldcorp&#39;s board of directors decided to schedule a shareholder vote on the merger after a hostile takeover bid emerged from Glamis Gold.
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CHICAGO (CBS.MW) - The Taste of the Rockies took one step closer to the Great White North Wednesday as the Competition Bureau - Canada&#39;s answer to the Federal Trade Commission - put its stamp of approval on Molson&#39;s merger with US brewer Adolph Coors.
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Carlsberg (CARLb.CO) and Heineken   on Friday agreed a joint cash bid of 800 pence a  share for Scottish and Newcastle (S&N)  that will split  up the British brewer of Foster's and Kronenbourg.
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United Breweries Limited has decided to enter into a partnership with Scottish &amp; Newcastle, S&amp;N. Under this agreement, S&amp;N will get 17.5% of UBL&#39;s stake through a preferential allotment for Rs 217 crore (Rs 2.17 billion), or Rs 575 per share.
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Molson Inc.&#39;s (MOLa.TO: Quote, Profile, Research) chief executive is convinced Brazil is the right place to be and said on Friday that a proposed merger with
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CHICAGO -- Chicago Mercantile Exchange Holdings Inc., seeking to clinch its deal for the parent of the Chicago Board of Trade, offered to pay a special dividend of $485 million to CBOT Holdings shareholders on top of the $10.19 billion it has offered for their shares.
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In a bid to gain support for its proposed merger with the Adolph Coors Company, the Canadian brewer Molson offered minority shareholders a $316 million special dividend on Friday, contingent on the merger&#39;s approval.
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MONTREAL (CP) - Molson Inc. shares gained ground Friday after the brewer announced its shareholders will get a special premium if they agree to a proposed merger with Colorado beer maker Adolph Coors Co.
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Wall Street's two main private  regulatory arms said on Tuesday they have agreed to merge in a  widely anticipated move aimed at reducing industry costs and  streamlining oversight functions.
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No. 2 U.S. beermaker SABMiller's  move to combine American operations with No. 3 Molson Coors  will likely be approved even though it will increase market concentration, antitrust experts said.
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AT&amp;T Wireless, which acquired a stake in Rogers Wireless five years ago, will use the proceeds to help pay off its debt ahead of the completion of its merger with Cingular.
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Carlsberg  and Heineken  on Friday agreed a joint cash bid of 800 pence a share for Scottish and Newcastle (S&N)  that will split up the British brewer of Foster's and Kronenbourg.
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MIDLAND, Mich., Feb. 15  /PRNewswire-FirstCall/ -- The Dow Chemical Company , has declared a dividend of 37.5 cents per share, payable April 30, 2007, to shareholders of record on March 30, 2007.  This is the 382nd consecutive cash dividend issued by Dow.