SYDNEY/BENGALURU - Coca-Cola Co’s European bottler has made a A$9.28 billion buyout approach to Australian peer Coca-Cola Amatil Ltd, a cut-price proposal that the target firm is backing due to uncertainty sparked by the coronavirus crisis.
The support from the Australians indicates expectations of an economic recovery that could take years, a bleaker view than that of some local economists who have pointed to improving economic indicators. Coca-Cola Amatil’s profit has been hit by shutdowns of restaurants and pubs since March. Amatil’s shares closed up 16.3% at A$12.50, below the proposed offer price of A$12.75, indicating investors are factoring in the possibility a deal might not come to fruition.The deal could lift CCEP’s earnings by 18% after three years, Jefferies said.
A spokesman for The Coca-Cola Co, which owns 31% of the Australian company and 19% of London-listed CCEP, said in an email the deal would be “in the best interests of the shareowners of both companies and of the Coca-Cola system overall”.
Garbage. Don't drink it.
The people claiming they own Coke need to be breath ID'ed. They killed the originator 42 times in a row to get there. You can't tell me this is how we are expected to function? Adjust to this new way of living?- by killing to gain and profit by supporting loss and greed/envy..
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coca-Cola European Partners makes $6.6 billion takeover offer for Coca-Cola AmatilCoca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for A$9.23 billion ($6.58 billion), in what would be the country's biggest deal this year. QUEROTRABALHAR قاطعوا_المنتجات_الفرنسية Boycott_France_Products Boycott_France We_Love_Mohammad_ﷺ We_Follow_Mohammad_ﷺ WeHateFrancegovernment My_Prophet_My_Honour La_ilaha_illallahu_muhammadur_rasulullah رسولنا_خط_احمر مقاطعة_المنتجات_الفرنسية قاطع_فرنسا
Source: Reuters - 🏆 2. / 97 Read more »
Coca-Cola Amatil gets $6.6 billion takeover offer from Coca-Cola European PartnersCoca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for A$9.23 billion ($6.58 billion), in what would be the country's biggest deal this year.
Source: Reuters - 🏆 2. / 97 Read more »
Coca-Cola European Partners in talks to buy Coca-Cola Amatil: BloombergCoca-Cola European Partners is in advanced talks to acquire Australia's Coca-Cola Amatil, Bloomberg News reported on Saturday. coca cola sucks pepsi is king Noooooooooooo! Noooooo way! Hell noooooo. Leave Coca-Cola alone!
Source: Reuters - 🏆 2. / 97 Read more »
Coca-Cola's European partner makes $6.6 billion play for Australia bottlerThe Coca-Cola Co's European bottler has made a A$9.28 billion ($6.6 billion) buyout approach for Australian peer Coca-Cola Amatil Ltd , a cut-price proposal that the target firm has backed due to uncertainty related to the coronavirus. Interesting play during an uncertain time.
Source: Reuters - 🏆 2. / 97 Read more »
Coca-Cola's European partner makes $6.6 billion play for Australia bottlerThe Coca-Cola Co's European bottler has made a A$9.28 billion ($6.6 billion) buyout approach for Australian peer Coca-Cola Amatil Ltd , a cut-price proposal that the target firm has backed due to uncertainty related to the coronavirus. Interesting play during an uncertain time.
Source: Reuters - 🏆 2. / 97 Read more »
Coca-Cola European Partners makes $6.6 billion takeover offer for Coca-Cola AmatilCoca-Cola Amatil Ltd said on Monday that Coca-Cola European Partners offered to buy the Australian bottler for A$9.23 billion ($6.58 billion), in what would be the country's biggest deal this year. QUEROTRABALHAR قاطعوا_المنتجات_الفرنسية Boycott_France_Products Boycott_France We_Love_Mohammad_ﷺ We_Follow_Mohammad_ﷺ WeHateFrancegovernment My_Prophet_My_Honour La_ilaha_illallahu_muhammadur_rasulullah رسولنا_خط_احمر مقاطعة_المنتجات_الفرنسية قاطع_فرنسا
Source: Reuters - 🏆 2. / 97 Read more »