Coke To Absorb Its North American Bottling Business

Law360, New York (February 25, 2010, 2:52 PM EST) -- 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...
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