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.
Coca-Cola Amatil votes in favour of European bottler s $7 68 bln takeover deal
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Coca-Cola Amatil votes in favour of European bottler s $7 68 billion takeover deal
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