Molson Just Says No to M&A

Returning from Ohio today, I managed to get a line in Memphis on a layover and catch Molson president Dan O'Neil's fascinating presentation to analysts. Recall that Dan had hinted in his last conference call that they had deployed consultants to study the global beer market and give recommendations to the board for their next Big Move (see BBD 06-23-03). The consultants recommended: Just say no.Says Dan: "What we're not going to do is buy another company or make another