Amatil shareholders confused over 'full and final' bid

Amatil shareholders confused over ‘full and final’ bid
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New Coca-Cola Amatil shareholders say they aren’t taking seriously a comment by Coca-Cola European Partners that its $9 billion offer is “full, fair and final”.
Unveiling the $9 billion offer in October, Coke Europe’s chief financial officer Nik Jhangiani told CCEP investors the $12.75 cash offer for shares not held by The Coca-Cola Co “represents a very full, fair and final price for the public shareholders of Amatil”.
Under Australian truth in takeovers regulations, CCEP would not be allowed to raise its offer price after declaring the offer final.
After originally saying its offer for Amatil was ‘full and final’, Coke Europe was forced to reserve the right to raise the price.  

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