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Coca-Cola Amatil (ASX:CCL) share price slides as shareholders vote


Coca-Cola Amatil (ASX:CCL) share price slides as shareholders vote
Bernd Struben | April 16, 2021 10:29am |
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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 ....

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Few regrets as Coca-Cola Amatil's 'big moment' nears with takeover by Coca-Cola European Partners


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After seven years at the helm of Coca-Cola Amatil, group managing director Alison Watkins has only a few regrets as shareholders prepare to vote on a $9.8 billion takeover offer that will end the bottler’s half-century as a listed company.
“I do feel nostalgic – it is a big moment,” Ms Watkins told
The Australian Financial Review in what may be her last interview as chief of Australia’s largest non-alcoholic beverage bottler.
Coca-Cola Amatil boss Alison Watkins’ biggest regret is that the Indonesian business failed to live up to expectations. 
Louie Douvis
Ms Watkins, who took the helm in March 2014 and who joined the Reserve Bank board in December, is widely expected to step down if, as expected, shareholders approve Coca-Cola European Partners’ revised $13.50 a share offer. ....

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