Oct 25 (Reuters) - Coca-Cola European Partners Plc CCEPC.L :
- ANNOUNCES IT HAS MADE A NON-BINDING PROPOSAL TO ACQUIRE COCA-COLA AMATIL LIMITED (CCL)
- PROPOSED DEAL WOULD CREATE A BROADER, MORE BALANCED FOOTPRINT FOR CCEP WHILST ALMOST DOUBLING CCEP'S CONSUMER REACH
- UNDE DEAL, CCL'S INDEPENDENT SHAREHOLDERS WOULD RECEIVE A$12.75 PER SHARE IN CASH
- COCA-COLA EUROPEAN PARTNERS-IN DEAL, KO WOULD RECEIVE A$9.57 PER SHARE IN CASH FOR PART OF THEIR SHAREHOLDING, WHICH COMPRISES 10.8% OF CCL'S SHARES.
- CCEP WILL WORK WITH KO TO ACQUIRE ALL OF KO'S REMAINING 20% SHAREHOLDING IN CCL
- COCA-COLA EUROPEAN PARTNERS - TAKEN TOGETHER, PROPOSAL IMPLIES AN EQUITY VALUE OF CCL ON A FULLY DILUTED BASIS OF ABOUT A$8.7BN (C.EUR 5.2BN(2))
- COCA-COLA EUROPEAN PARTNERS - TAKEN TOGETHER, PROPOSAL IMPLIES AN EV/EBITDA(3) MULTIPLE OF 10.9X TO CCL'S FY19 REPORTED UNDERLYING EBITDA(3)
