Business
Coca-Cola Amatil sale in doubt unless suitor lifts price – The Australian Financial Review
Coca-Cola European Partners’ $9 billion offer for Coca-Cola Amatil may not proceed unless the European bottler agrees to lifts its price, analysts say.
Group managing director Alison Watkins said Amatil expected full-year 2020 earnings before interest and tax to fall 13.9 per cent to $550.7 million and net profit to come in around $340.3 million, well ahead of market consensus forecasts.
Analysts believed the trading update was likely to prompt a higher bid from Coke Europe, which previously said its $12.75 a share offer represented strong value and a fair price.
CCEPs indicative proposal price of $12.75 (less any second half 2020 dividends) appears…
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