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We reveal the top 10 most viewed brands stories from the APAC food and beverage industry in 2020, featuring big brand names like Amul, Nestle and Mars Wrigley. ....
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 und ....
Coca-Cola European Partners increases offer for Amatil Coca-Cola European Partners has upped its offer for Coca-Cola Amatil by 5.9%, noting an improved economic outlook in Australia and New Zealand. CCEP has raised the offer to $9.93bn AUD ($7.7bn USD), up from its offer of AUD $9.28bn ($6.6bn) in October. The offer has been raised thanks to stronger economic conditions and market outlook as Australia and New Zealand recover from the pandemic. CCEP has declared that this is its best and final offer. Amatil Chairman Ilana Atlas said, The economic outlook for Australia and New Zealand has improved since the announcement of the original CCEP proposal and recent trading validates our strategy and demonstrates our strong recovery. The value of Amatil has increased and we are pleased that CCEP has acknowledged this in increasing its proposed cash consideration to Independent Shareholders.” ....