DENVER – The head of beer brewing giant Molson Coors says plans are still on track to finalize a joint venture with SABMiller by midyear.
Chief Executive Officer Leo Kiely told shareholders at an annual meeting Thursday the plan to combine U.S. operations of both companies will produce a more competitive operation. It will handle brands such as Coors Light, Blue Moon and Miller Lite.
Shareholders approved a slate of directors for the board and an independent auditor during the meeting in downtown Denver.
Denver-based Molson Coors Brewing Co. is one of the world's largest beer manufacturers.
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