Shareholders of Adolph Coors have voted to approve a proposal that will result in the company changing its place of incorporation from Colorado to Delaware. More than 28 million shares voted in favor of the measure (80% of outstanding shares).
“We’re pleased with the outcome of this vote,” said Peter Coors, Chairman of Adolph Coors Company. “This change will be beneficial to the company and its shareholders through obtaining the benefits of Delaware’s comprehensive, widely used and extensively interpreted corporate law.”
The company said the reincorporation is anticipated to become effective today, and will not result in any jobs changes.
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