Coca-Cola European Partners Plc (LON: CCEP) has made a non-binding proposal to acquire Coca-Cola Amatil Limited (CCL).
- The company has proposed to acquire 69.2 per cent of the entire existing issued share capital of CCL from shareholders other than The Coca-Cola Company.
- CCL's Independent Shareholders would receive A$12.75 per share in cash, while the Coca-Cola Company would receive A$9.57 per share in cash for part of their shareholding.
- CCL is Asia Pacific’s one of the largest bottlers and distributors of ready-to-drink non-alcoholic and alcoholic beverages and coffee.
- On 26 October 2020, the stocks of the company surged by 8.15% from its previous closing, hovering at around GBX 35:15 at 08:11 AM GMT+1.