Coke To Absorb Its North American Bottling Business

By Eric Hornbeck

Law360, New York (February 25, 2010, 2:52 PM ET) -- The Coca-Cola Co. has announced it will absorb the North American business of bottler Coca-Cola Enterprises Inc. in a largely cashless transaction — a move similar to a deal approved by PepsiCo Inc. shareholders earlier this month — and hand over its European operations to the bottler for $822 million.

Coke will acquire about 75 percent of its U.S. bottler-derived volume and nearly all Canadian bottler-delivered volume, the companies announced Thursday. The soft drink behometh will also take on all of CCE's assets and liabilities, including...
To view the full article, take a free trial now.

Already a subscriber? Click here to login

You must correct or enter the following before you can submit this form:

All fields required

  5. Required

Only Law360 gives you:

Non-stop coverage of high-stakes litigation across 30 practices

Real-time tracking and reports on 10,000+ companies, firms and industries

Over 80,000 attorney profiles with neutral data collected from active lawsuits

Research tools to find cases, court documents, attorneys and companies

Customized feeds and alerts that can easily be shared with colleagues

In-depth expert analysis from high-profile attorneys at top firms

Access to our vault with over 75,000 original articles