NEW YORK (Reuters) - Merger talks between brewers Molson Inc. and Adolph Coors Co. are heating up, creating the possibility of a new powerhouse in the fast-consolidating beer industry, The Wall Street Journal reported Monday.
The negotiations are at a sensitive stage and could fall apart, the newspaper said, citing unspecified people familiar with the matter. Several hurdles remain for any potential deal, most notably a feud among Molson family members who control the Montreal-based company's voting stock, the Journal said.
Although terms of a possible deal still are being discussed, one scenario calls for Molson Chairman Eric Molson to be named chairman of the combined company, while Coors Chief Executive Leo Kiely could be CEO, the Journal said.
Molson is dealing with a feud among Molson family members. Last month, its deputy chairman Ian Molson quit amid succession concerns at the 218-year-old company.
http://money.cnn.com/2004/07/19/news/fortune500/coors_molson.reut/index.htm?cnn=yes