Why Coca-Cola Amatil (ASX:CCL) shares days are numbered

Coca-Cola Amatil Ltd (ASX: CCL) shares’ days on the ASX are numbered after the Aussie bottling company provided an update on its proposed takeover.

Why are Coca-Cola Amatil shares on watch?

Coca-Cola this afternoon provided an update on the proposed takeover by Coca-Cola European Partners PLC (NYSE: CCEP). Importantly, the Supreme Court of New South Wales has today made orders approving the Scheme of Arrangement for CCEP to acquire all Coca-Cola Amatil shares.

The Aussie company will lodge an office copy of the Court orders with the Australian Securities and Investments Commission (ASIC). Shareholders will receive $13.32 cash per share once the Scheme becomes legally effective. The final cash payment is due on the Scheme’s…