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…