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Article: Former brewery executive sells off shares in Molson Inc.
- Article from:
- The Denver Post (Denver, CO)
- Article date:
- February 9, 2005
CopyrightCOPYRIGHT 2005 The Denver Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Steve Raabe
Feb. 9--Former Molson Inc. executive Ian Molson has sold more than 43 percent of his shares in Molson's voting stock after his critical comments on the Coors-Molson merger, which is scheduled to close today.
Adolph Coors Co. and Molson also will issue earnings reports today. Analysts expect Molson to report diminished profit margins and a sharp decline in net income because of competition from lower-priced Canadian beers.
The completion of the merger will culminate a six-month- long dance, with shareholders of both companies having given their approval in recent weeks. The deal will create the world's fifth-largest brewer, ...