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Coca-Cola European offers to buy Aus unit Coca-Cola Amatil for $6.6 bn
short by Rishabh Bhatnagar / on Monday, 26 October, 2020
Australian bottler Coca-Cola Amatil said on Monday that Coca-Cola European Partners has offered to buy its business for $6.58 billion. The deal, which would be Australia's biggest of the year, values Amatil at a 19% premium to where its shares traded last week. Coca-Cola Amatil has diversified into whiskey, rum, beer and ground coffee, beyond the flagship fizzy drinks.
read more at Deccan Herald