News: CCL Coca-Cola Amatil Gets A$9.23 Bln Takeover Bid From Coca-Cola European Partners

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    Oct 26 (Reuters) - Coca-Cola Amatil Ltd (CCL) :

    • CCEP INDICATIVE PROPOSAL AND TRADING UPDATE-CCL.AX
    • NON-BINDING INDICATIVE PROPOSAL FROM CCEP OF $12.75 CASH PER SHARE
    • GOT NON-BINDING INDICATIVE PROPOSAL FROM CCEP OF $12.75 CASH PER SHARE FOR INDEPENDENT
    • PROPOSAL IS FOR AN ALL CASH OFFER TO BE MADE TO INDEPENDENT SHAREHOLDERS OF $12.75 PER SHARE
    • EQUITY VALUE ON A 100% FULLY DILUTED BASIS OF ABOUT A$9,282 MILLION
    • 3Q20 GROUP TRADING REVENUE DOWN 4.2%
    • AMATIL'S INDEPENDENT DIRECTORS INTEND TO UNANIMOUSLY RECOMMEND PROPOSED SCHEME
    • PROPOSAL BY COCA-COLA EUROPEAN PARTNERS IS FOR AN ALL CASH OFFER TO BE MADE TO INDEPENDENT SHAREHOLDERS OF $12.75 PER SHARE
    • PROPOSAL CONTEMPLATES CCEP ENTERING INTO SEPARATE AGREEMENT TO BUY THE COCA-COLA CO SHARES IN AMATIL
    • SEES $140 MILLION OF SAVINGS THIS FY
    • CAPITAL EXPENDITURE FOR FY20 EXPECTED TO BE ABOUT $210 MILLION
 
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Last
$3.81
Change
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No. Vol. Price($)
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Price($) Vol. No.
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