Business
Coke takeover price under water as share price bubbles – Sydney Morning Herald
Coke Europe could walk away from the $12.75 per share deal – or stump another 40 to 50 cents which analysts reckon would get it over the line.
It is easy to see why non-Coke aligned investors thought the company was being stolen from beneath them despite the fact that the deal had the unanimous support of the Coca-Cola Amatil board.
Since then Coca-Cola Amatils share price has not only improved but has risen beyond the offer price.
Thus the offer from Coke in Europe looks not just opportunistic but poorly timed.
Had that price been proposed earlier in the year (when the shares were at $8) it may have succeeded. But given the parent, The…
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