Coke Bid To Buy Bottler Challenged By Shareholders

Law360, New York (March 5, 2010, 7:01 PM EST) -- Shareholders of bottling company Coca-Cola Enterprises Inc. have filed two putative class actions over The Coca-Cola Co.'s plans to acquire the bottler's North American business and to sell its own European operations to CCE for $822 million in a separate deal.

Three pension funds filed complaints against the bottling company, its directors and Coke on Wednesday in the Delaware Court of Chancery, calling the deal unfair to CCE stockholders.

Coke's bid to buy the North American bottling operations, announced by the companies Feb. 25, would provide...
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