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Coca-Cola Amatil Votes in Favour of European Bottler s $7 68 Billion Takeover Deal

Coca-Cola Amatil votes in favour of European bottler s $7.68 billion takeover deal (Reuters) - Coca-Cola Amatil said on Friday its independent shareholders voted in favour of Coca-Cola European Partners, the European bottling arm of Coca-Cola, acquiring the Australian firm for A$9.93 billion ($7.68 billion). CCEP sweetened its takeover offer in February to A$13.5 per share from A$12.75 after reports that Amatil s major shareholders viewed the earlier offer as too low. The deal, which would be Australia s biggest this year, will combine two companies that bottle and distribute Coca-Cola drinks, and gives CCEP a platform to consolidate in Asia. New Zealand s Overseas Investment Office gave its approval for the deal on Wednesday but it still requires an Australian court s approval, which is scheduled for a hearing next week.

5 things to watch on the ASX 200 on Friday

St Barbara Ltd (ASX: SBM) could have a strong day after the gold price stormed higher. According to CNBC, the spot gold price is up 1.6% to US$1,764.70 an ounce. The precious metal was in demand with traders after bond yields retreated. Bank of Queensland given buy rating The  Bank of Queensland Limited (ASX: BOQ) share price is in the buy zone according to analysts at Goldman Sachs. The broker was pleased with its half year results on Thursday and responded by retaining its buy rating and lifting its price target to $9.83. Goldman believes that Bank of Queensland’s guidance for the full year is conservative and expects the bank to outperform it.

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