Coca-Cola Amatil sale in doubt unless suitor lifts price
Save
Share
Coca-Cola European Partnersâ $9 billion offer for Coca-Cola Amatil may not proceed unless the European bottler agrees to lifts its price, analysts say.
Macquarie Capital analysts said Amatil shareholders might vote against the proposed offer unless Coke Europeâs $12.75 a share offer, through a scheme of arrangement, was revised upwards.
Amatil shares are trading at $13.12, 37¢ above Coke Europeâs offer, after surging 1.6 per cent following a better than expected trading update on Friday. The shares had been trading above the offer price since mid-November.
Coca-Cola Amatil shares are trading 37 cents above Coke Europeâs $12.75 a share offer. Â