Coca-Cola Amatil shareholders approve European takeover
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Shareholders at Coca-Cola Amatil have voted “overwhelmingly” to approve Coca-Cola European Partner’s $13.50 per share takeover offer. The vote was held at 10 am on Friday, April 16, and saw 97.6 percent of shares proxy vote in support of the takeover – representing about 62 percent of total shareholders in CCA.
Only 0.9 percent of votes were against the takeover.
“Today is a significant day in the 117-year history of Coca-Cola Amatil,” said chairman Ilana Atlas.
“I am excited by the possibilities that lie ahead for Coca-Cola Amatil’s future, and know I speak on behalf of the board when I say that it has been a privilege to be part of the Coca-Cola Amatil journey.”
The takeover means CCA’s brands, which include Coca-Cola, Mount Franklin, Pump, Goulburn Valley, Monster Energy, Barista Bros, Blue Moon and Rekorderlig will now be owned and operated out of Europe.
The takeover also means the Atlanta-based Coca-Cola Company will see its financial interest in CCA vanish.
Shares in CCA fell after the vote, as it became clear shareholders would be receiving the “best and final” offer from CCEP.
Questions & Answers
Q.Which brands are included in the takeover by Coca-Cola European Partners?
Which brands are included in the takeover by Coca-Cola European Partners?
CCA’s brands being taken over include Coca-Cola, Mount Franklin, Pump, Goulburn Valley, Monster Energy, Barista Bros, Blue Moon, and Rekorderlig. They will now be owned and operated from Europe.
Q.How will the Coca-Cola Company's involvement with CCA change after the takeover?
How will the Coca-Cola Company's involvement with CCA change after the takeover?
The takeover means the Atlanta-based Coca-Cola Company will no longer have a financial interest in Coca-Cola Amatil. Their previous involvement with CCA will effectively vanish.
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