Business
Coca-Cola Amatil gets green light for $9b takeover – Sydney Morning Herald
Drinks giant Coca Cola Amatil has received the green light from Australia’s foreign investment board for its $9 billion tie-up with Coca-Cola Europe.
A tick is still required from the New Zealand Overseas Investment Office, and the deal will also need to be deemed in the best interest of shareholders by an independent expert review.
Analysts are keenly awaiting the outcome of this independent review, as many market-watchers are currently agitating for a higher offer price for the local company, pointing to its better-than-expected performance during COVID.
Last week, Coke Australia revealed its earnings for the 2020 calendar year would ring in…
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