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Soft drinks giant Coca-Cola Amatil tentatively backs $9.2b bid by European arm – NEWS.com.au
Soft drinks giant Coca-Cola Amatil tentatively backs $9.2b bid by European arm
The worlds biggest Coca-Cola bottler has lobbed a $9.2 billion conditional takeover offer at Australias Coca-Cola Amatil, which the company has tentatively backed, sending its shares soaring.Speculation mounted last week when Amatil went into a trading halt that it was poised to buy beer brands Stella Artois and Beck’s from Japan’s Asahi.
But on Monday, Amatil announced Coca-Cola European Partners (CCEP) had offered it $12.75 per share – a price its stock last eclipsed in February before the COVID-9…
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