Business
Why the Coca-Cola Amatil (ASX:CCL) share price is pushing higher
The Coca-Cola Amatil Ltd (ASX: CCL) share price is pushing higher on Monday.
In morning trade, the beverage company’s shares are up 0.5% to $13.15.
Why is the Coca-Cola Amatil share price pushing higher?
This morning Coca-Cola Amatil provided investors with an update on its takeover approach from Coca-Cola European Partners.
In November, the company revealed that it had entered into a scheme implementation deed with Coca-Cola European Partners for the acquisition of all of the issued shares held by independent shareholders via a scheme of arrangement.
This followed the receipt of an offer of $12.75 per share, less any final dividend paid before the date of implementation of any scheme. This represented a premium of 23% to the…
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