Coca-Cola Amatil Gets A$9.28 Billion Takeover Offer from CCEP

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Coca-Cola Amatil Gets A$9.28 Billion Takeover Offer from CCEP

   By David Winning

SYDNEY--Coca-Cola Amatil Ltd. said it had received a takeover proposal worth 9.28 billion Australian dollars (US$6.62 billion) from the company that bottles Coca-Cola products in Western Europe.

Coca-Cola Amatil said the indicative cash offer of A$12.75 per share to independent shareholders follows several other recent proposals made by Coca-Cola European Partners PLC, and it had agreed to allow the bidder to carry out confirmatory due diligence.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

October 25, 2020 17:27 ET (21:27 GMT)

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