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Molson may reconsider plans for the vote on its proposed merger with Coors, according to press reports. In a report on Saturday (25 September), the Calgary Herald said that the Canadian company is reviewing its plan to allow option holders to vote alongside shareholders.

A spokeswoman for Molson said that the Montreal-based brewer has spoken with three investors who have publicly expressed opposition to the plan - the Caisse de depot pension fund company, Jarislowsky Fraser Ltd. and the Ontario Teachers' Pension Plan.

The newspaper also said that the spokeswoman declined to comment on the possibility of taking the options clause out.

The merger requires approval by two-thirds of class-A shareholders and option holders. The three investors control more than 9% of Molson's class-A shares, the Herald noted.


Sectors: Beer & cider

Companies: Molson Coors

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