NEW YORK, July 22, 2004 – LAWFUEL – See PRESS RELEASES for today’s law announcements
Weil Gotshal & Manges LLP, one of the world’s leading law firms, represented Molson, Inc. in the definitive agreement announced today to combine in a merger of equals with Adolph Coors Company, which would result in the world’s fifth largest brewer with pro-forma combined net sales of US$6.0 billion. The combined company will be known as Molson Coors Brewing Company.
The proposed transaction will be structured pursuant to a Plan of Arrangement under which each share of Molson held by a Canadian resident will be exchanged, at the election of the holder, for exchangeable shares in a Canadian subsidiary of Molson Coors and/or shares of Molson Coors. Under the proposed transaction, each Molson Class B voting share will convert into shares having the right to exchange for 0.126 voting share and 0.234 non-voting share of Molson Coors and each Molson Class A non-voting share will convert into shares that have the right to exchange for 0.360 non-voting share of Molson Coors.
The proposed merger is subject to approvals by the shareholders of both companies, the Superior Court of Quebec, appropriate regulatory and other authorities, as well as customary closing conditions.
Weil, Gotshal & Manges LLP is an international law firm of more than 1,100 attorneys, including approximately 300 partners. Weil Gotshal is headquartered in New York, with offices in Austin, Boston, Brussels, Budapest, Dallas, Frankfurt, Houston, London, Miami, Munich, Paris, Prague, Silicon Valley, Singapore, Warsaw and Washington, D.C.
Weil, Gotshal & Manges LLP’s Team
Partners: Howard Chatzinoff, Jeffrey Nadler (Corporate – New York); Kimberly S. Blanchard, Stuart J. Goldring, Mary Jean M. Potenzone (Tax – New York); Annemargaret Connolly (Environmental – Washington DC); David Bower (Tax – Washington DC); Jeffrey D. Osterman (Intellectual Property – New York); Debra J. Pearlstein (Antitrust/Competition – New York)
Of Counsel: Steven M. Margolis (Tax – New York)
Associates: Louis Gambino, Danielle Do, David M. Glick (Corporate – New York); Abraham A. Reshtick, Max A. Goodman (Tax – New York); Connie M. Ericson (Environmental – Washington DC)