Business
Coca-Cola Amatil to exit ASX in 2021 – Sydney Morning Herald
Iconic Australian beverages company Coca-Cola Amatil could disappear from the local bourse as early as March 2021.
Shareholders are expected to vote on the takeover offer in March. The sale also needs court and regulatory approval.
Some Amatil shareholders have expressed reservations about the deal, saying it looked “opportunistic” because Amatil’s stock price and its sales have been significantly hit by COVID-19 this year.
“We really don’t see how it’s a compelling price compared to the standalone opportunities the company can deliver,” said Reece Birtles, chief investment officer at Martin Currie.
Parent company…
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