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
