Nov 4 (Reuters) - Coca-Cola Amatil Ltd (CCL) :
- COCA-COLA AMATIL ENTERS INTO SCHEME IMPLEMENTATION DEED WITH CCEP
- AMATIL AND CCEP HAVE ENTERED INTO A SCHEME IMPLEMENTATION DEED FOR ACQUISITION OF ALL SHARES HELD BY INDEPENDENT SHAREHOLDERS
- INDEPENDENT SHAREHOLDERS TO RECEIVE $12.75 CASH PER SHARE, LESS ANY 2H20 DIVIDEND
- TCCC'S SHARES IN AMATIL TO BE ACQUIRED BY CCEP SEPARATELY
- INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND SCHEME, SUBJECT TO CONDITIONS
- EXPECTED SCHEME WILL BE VOTED ON AT A MEETING OF INDEPENDENT SHAREHOLDERS IN EARLY 2021
- SCHEME CONSIDERATION IMPLIES AN EQUITY VALUE ON A 100% FULLY DILUTED BASIS OF ABOUT A$9,282 MILLION & ENTERPRISE VALUE OF A$10,871 MILLION
- A BREAK FEE WILL BE PAYABLE BY AMATIL TO CCEP IN CERTAIN CIRCUMSTANCES
Source text https://bit.ly/38at02W
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