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Coca Cola HBC AG Announces Squeeze-Out Process For Coca Cola Hellenic Bottling Co SA

Friday, 17 May 2013 05:52am EDT 

Coca Cola HBC AG announced that it has submitted on May 17, 2013 an application to the Hellenic Capital Market Commission to initiate a squeeze-out process pursuant to article 27 of Greek Law 3461/2006 following the completion of its offer for all registered shares of Coca-Cola Hellenic Bottling Company SA. Upon completion of the squeeze-out, Coca-Cola HBC will compulsorily acquire the 11,544,493 Coca-Cola Hellenic Shares that it did not acquire in the Offer.The consideration payable in the squeeze-out will be, at the election of each holder of Coca-Cola Hellenic Shares subject to the squeeze-out, either (a) one new Coca-Cola HBC ordinary registered share in one of the forms available in the Offer, or (b) EUR 13.58 in cash, reduced by the applicable transfer tax. 

Company Quote

2.0 +0.15%
10:32am EDT