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CANADA: Onex keeps quiet on Molson bid

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Canadian investment group Onex has not ruled itself out of a bid for Molson, according to press reports. In an article on its Web site yesterday, the Financial Times said that the group is in the process of negotiating a couple of sizeable acquisitions, but Gerry Schwartz, the fund's founder, would not comment on a possible bid for the brewer.

Since Molson proposed its merger with Coors two months ago, Onex and another, unidentified, brewer have been linked to efforts by Ian Molson, a distant cousin of the brewer's chairman Eric Molson, to put together a rival bid. Onex has reportedly offered to put up about C$1 bln (US$777 bln), the FT said.

Schwartz told the newspaper that no sector is off limits for potential acquisitions, except for a handful where he and his partners have little expertise, such as real estate and specialized technology.


Sectors: Beer & cider

Companies: Molson Coors

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