Business
Citi sees bigger takeover offer coming for Coca-Cola Amatil (ASX:CCL) share price
The Coca-Cola Amatil Ltd (ASX: CCL) share price is trading flat but that’s a good outcome for the takeover target.
The CCL share price is holding at $12.94 during lunch time trade. That’s a positive because the S&P/ASX 200 Index (Index:^AXJO) lost 0.2% of its value and the stock is still trading above the offer price.
Coca-Cola Amatil received a takeover offer worth $12.75 a share from its European counterparts late last year.
Bigger takeover offer for CCL waiting to pop
Many criticized the bid as being opportunistic and have called it a lowball offer as the group has been severely impacted by COVID‐19.
The market agrees and that explains why the stock is trading around 1.5% ahead of the offer price.
Citigroup believes a…
-
Noosa News12 hours agoConsolidated Pastoral Company buys Beetaloo aggregation in historic deal worth more than $300m
-
General20 hours agoWotjobaluk Nations Festival marks landmark native title recognition
-
General14 hours agoAustralian luger Alex Ferlazzo makes stunning recovery during run after falling off his sled
-
Business24 hours agoWhat Warren Buffett’s latest portfolio moves say about the market