Molson Inc. shareholders voted today in favor of the proposed merger with Adolph Coors Co., Golden, Colo., according to a statement by Montreal-based Molson. At a Molson special shareholder meeting, holders of 80.2% of Class A shares voted in favor of the merger, while 19.8% voted against. In all, 81.9% of outstanding Class A shares were voted. Of Class B shares, 84.3% voted in favor of the merger, while 15.7% voted against. In all, 78.2% of outstanding Class B shares were voted.
Coors stockholders are scheduled to vote Feb. 1.
Ontario Teachers' Pension Plan, Toronto, which has C$79 billion (US$63.8 billion) in total assets, voted its 1,573,819 Class A shares in favor of the merger.
Institutional Shareholder Services recommended its clients support the merger.