Business
ASX falls; banks weigh as miners gain – The Australian Financial Review
ASX has rallied from an opening loss to be trading just slightly lower through the afternoon. The UK announced a return to a strict national lockdown. Nick Scali…
Coca-Cola European Partners (CCEP) offer for Coca-Cola Amatil may need to be upsized if the locally listed company can punch out a strong second half result according to Citi.
Amatils shares closed at $12.94 on Monday, well above the $12.75 offer price from CCEP, an indication that shareholders are also expecting the offer will need to be raised too.
CCEP may need to boost its bid for Amatil. Supplied
Citi said volumes for Amatil had improved in the second half of the year and earnings could exceed…
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