The US brewer Coors has moved to reassure staff over the prudence of its plans to merge with Canadian brewer Molson, after the deal has been criticised in the press and investment communities.
 
In an internal memo filed with the US Securities and Exchange Commission, Coors said: "As is the case in any high profile transaction, there will be a great deal of media attention regarding the merger."

It added: "Although we know it is difficult, we ask you to do your best to focus on the facts as you learn them from us."

The memo went on: "You should not infer anything from the fluctuation of our stock price. It is not uncommon for a company's stock price to move both up and down during the weeks following these types of announcements."