By Reuters Staff
3 Min Read
(Reuters) - The European bottling arm of Coca-Cola has sweetened its final, binding takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share, reflecting a jump in the company’s market value since an initial offer last year.
FILE PHOTO: Bottles of Coca-Cola are pictured during a presentation in Paris, France, January 19, 2016. REUTERS/Benoit Tessier
Coca-Cola European Partners (CCEP) said on Monday it was raising the offer by 6% to A$13.5 per share, valuing the Australian company at A$9.93 billion ($7.70 billion).
Shares in Coca-Cola Amatil, which have been gaining steadily since CCEP’s initial offer was made public in October, hit an eight-year high of A$13.41 in response.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Coca-Cola European Partners plc (CCEP) announces it has entered into a binding agreement for a best and final offer of A$13.50 to the Independent Shareholders
By Reuters Staff
3 Min Read
(Reuters) - The European bottling arm of Coca-Cola has sweetened its final, binding takeover offer for Australian counterpart Coca-Cola Amatil by 75 cents per share, reflecting a jump in the company’s market value since an initial offer last year.
FILE PHOTO: Bottles of Coca-Cola are pictured during a presentation in Paris, France, January 19, 2016. REUTERS/Benoit Tessier
Coca-Cola European Partners (CCEP) said on Monday it was raising the offer by 6% to A$13.5 per share, valuing the Australian company at A$9.93 billion ($7.70 billion).
Shares in Coca-Cola Amatil, which have been gaining steadily since CCEP’s initial offer was made public in October, hit an eight-year high of A$13.41 in response.