Business
Coke Europe increases offer for Coca-Cola Amatil – Sydney Morning Herald
The European arm of drinks giant Coca Cola has upped its offer price in a takeover bid for local operator Coca-Cola Amatil following increased pressure from analysts…
CCEP said it had received legal and financial advice about the improved fortunes of the Australian operations including on the fundamental value of the business, the companys recent trading update, interest rates and shareholder feedback.
Coca-Cola Amatil chairman Illana Atlas said she was pleased to see the higher offer price from CCEP.
The economic outlook for Australia and New Zealand has improved since the announcement of the original CCEP proposal and recent trading validates our strategy and…
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