Now that the majority of Molson stockholders approved of a merger with Coors, Molson Coors Brewing Co. is the name of this new global conglomerate. This makes the company the 5th largest brewer in the world behind giants like InBev (Becks, Stella).
Competing on a global level is what motivated the two companies to merge. According to former Coors chairman Bill Coors: "The big get bigger, and the small disappear." Members of both the Coors and Molson families have roles on the 15 member board.
5 members of the board will be nominated by each family with 3 elected by stockholders and 2 seats already filled. Molson stockholders received a $532 million dividend to support the merger. The deal to merge cost $6 billion.
