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Coca-Cola Amatil (ASX:CCL) share price slides as shareholders vote
Bernd Struben | April 16, 2021 10:29am |
More on: Image source: Getty Images
Coca-Cola Amatil Ltd(ASX: CCL) shares are slumping lower on Friday. At the time of writing, the Coca-Cola Amatil share price is sliding 1.26% to $13.29.
This comes as shareholders of the
S&P/ASX 200 Index (ASX: XJO) listed beverage giant are voting on the long-proposed acquisition by
Coca-Cola European Partners (CCEP).
Shareholders are meeting virtually this morning in Amatil’s Independent Shareholder Scheme Meeting, being held by management in Sydney.
What exactly are shareholders voting on?
Yesterday, after market close, Coca-Cola Amatil announced that the New Zealand Overseas Investment Office (OIO) had given the green light for CCEP to acquire up to 100% of the shares in Amatil. That ticked the last box needed to meet all the regulatory approval conditions precedent under the Implementation Deed.