Shareholders OK Coke's $12.3B Bottle Co. Purchase

Law360, New York (October 1, 2010, 2:51 PM EDT) -- Coca-Cola Inc. cleared the final hurdle in its $12.3 billion purchase of a U.S. bottling business Friday when the bottler’s shareholders voted overwhelmingly in favor of the sale.

The deal, which is expected to close in the coming days, gives Coca-Cola control of Coca-Cola Enterprises Inc., its largest North American bottler. The transaction had faced scrutiny from regulators based on Coca-Cola Enterprises’ relationship with Dr. Pepper Snapple Group, whose products it also distributes.

But with shareholders and regulators on board, new Coca-Cola Enterprises shares are slated...
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