The Denver Business Journal is reporting that Fortune 500 company Adolph Coors Co. might soon be a Delaware corporation. A reincorporation plan has already been approved by the brewer's board of directors and will be voted on by shareholders this fall. Although there are no plans to move its headquarters to Delaware, the company will be taking advantage of Delaware's business-friendly corporate laws.
Adolph Coors Co. was founded in 1873 and is the maker of Coors Light , the fourth ranked beer in terms of sales in the United States and a favorite of many poor college students. Coors has been a Colorado Corporation since 1913.