Business
Coca-Cola Europe in $10.9b play for Coca-Cola Amatil – Sydney Morning Herald
The ASX-listed drinks giant would be sold to the European arm of Coca-Cola under a shock $10.87 billion deal.
The enterprise value of the offer from Coca-Cola European Partners for Amatil, including debt is $10.87 billion. The implied equity value of the proposed $12.75 per share cash offer is $9.28 billion.
The deal to buy the Amatil shares would be via a scheme of arrangement. Coca-Cola Amatil’s independent directors intend to unanimously recommend the proposed scheme of arrangement, subject to a range of conditions.
To acquire Amatil in full, the European arm would also have to acquire the stake in Amatil…
-
Noosa News20 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
General24 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
General13 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General23 hours agoHomicide Squad investigating ‘suspicious’ death of 84yo woman in Sydney suburb of Melonba