AUSTRALIA: SPC to endorse CCA bid
The Australian canned food group has said it will accept the takeover offer from Coca-Cola Amatil launched in November if no higher offer emerges.
The Competition and Consumer Commission has already given the green light for the bid.
Coke's next hurdle would be the shareholders' vote on 3 February.
SPC said: "From our point of view as directors, we have said that we would recommend the Coca Cola proposition in the absence of a higher bid.
"If somebody approaches us with a higher bid, then obviously we've got a fiduciary duty to consider that; but at this stage we haven't had any higher bids, and so we are all unanimously supporting the Coca Cola proposal."
Coca-Cola Amatil produced decent first-half results but speculation that it may sell some of its international operations and its determination to look beyond the core soft drinks sectors for growth i...
Coca-Cola Amatil said yesterday (10 August) that it has agreed to purchase the business and assets of the Grinders Coffee Group (Grinders)....
Following a review of its operations, Coca-Cola Amatil has announced its intention to restructure its Asian business activities through the creation of an Asian Beverage Division (CCA Asia)....
Coca-Cola Amatil (CCA) has seen its net profits increase 16.8% to A$145.2m in its first half, driven in part by growth of non-carbs and innovation, the company said today (10 August)....
Coca-Cola Amatil (CCA) is poised to shake up its Indonesian and South Korean bottling operations, according to an investment bank....
Coca-Cola Amatil is to issue a five-year A$250m (US$192m) domestic debt issue....
SPC Ardmona has signed an agreement with parent company Coca-Cola Amatil (CCA) to supply it with apple juice....
The managing director of Coca-Cola Amatil's (CCA) South Korean unit has taken extended leave, according to press reports....
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