Key Developments: The Coca-Cola Co (KO)

KO on New York Consolidated

41.65USD
29 Aug 2014
Price Change (% chg)

$0.02 (+0.05%)
Prev Close
$41.63
Open
--
Day's High
--
Day's Low
--
Volume
3,578,441
Avg. Vol
12,700,369
52-wk High
$42.57
52-wk Low
$36.83

Search Stocks

Latest Key Developments (Source: Significant Developments)

U.S. high court agrees to hear The Coca-Cola Co labeling dispute-Reuters
Friday, 10 Jan 2014 03:07pm EST 

The Coca-Cola Co:Says the U.S. Supreme Court on Friday agreed to weigh in on a dispute between POM Wonderful LLC and The Coca-Cola Co over Coke's labeling of a product marketed as pomegranate blueberry juice-Reuters.Says POM Wonderful has accused Coke of falsely labeling and advertising the juice product, saying the beverage giant misled consumers into believing the drink, marketed under the Minute Maid brand, consisted primarily of pomegranate and blueberry juices.Says POM, which produces its own pomegranate-based juice products, says the drink contained mainly apple and grape juices.Says the court said in a brief order issued on Friday that two justices, Stephen Breyer and Samuel Alito, will not participate in the case.  Full Article

Zicotm Beverages Joins The Coca-Cola Co Family
Friday, 22 Nov 2013 12:03pm EST 

Coca-Cola Company and ZICO Beverages LLC announced that Coca-Cola has acquired the outstanding ownership stake in ZICO. The announcement will unlock more capability for ZICO including marketing, selling, manufacturing, innovation and distribution opportunities. Additionally, The Coca-Cola Company will gain a position in beverage categories in the world.  Full Article

The Coca-Cola Co Prices $5.0 Billion Of Senior Notes
Tuesday, 29 Oct 2013 07:10pm EDT 

The Coca-Cola Co announced that it has priced $500 million aggregate principal amount of floating rate notes due 2016, $500 million aggregate principal amount of 0.750% notes due 2016, $1.25 billion aggregate principal amount of 1.650% notes due 2018, $1.25 billion aggregate principal amount of 2.450% notes due 2020 and $1.5 billion aggregate principal amount of 3.200% notes due 2023 in an underwritten, registered public offering. The transaction is expected to close on November 1, 2013, subject to customary closing conditions. The Company intends to use the net proceeds from the offering to fund the repayment or redemption of the Company's 0.75% Notes due 2013, Floating Rate Notes due 2014 and 3.625% Notes due 2014, to pay related fees and expenses, including redemption premiums, and for general corporate purposes. Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.  Full Article

The Coca-Cola Co Declares Regular Quarterly Dividend
Thursday, 17 Oct 2013 11:00am EDT 

The Coca-Cola Company announced that it has declared a regular quarterly dividend of USD0.28 per common share. The dividend is payable Dec. 16, 2013, to shareowners of record as of Dec. 2, 2013.  Full Article

USAID and The Coca-Cola Co Expand Water And Development Alliance
Thursday, 5 Sep 2013 06:03am EDT 

The U.S. Agency for International Development (USAID) and The Coca-Cola Co announced support for new programs under their Water and Development Alliance (WADA) that will provide more than 190,000 people with improved clean water and/or improved sanitation services by the end of 2015. As part of its first wave of new investments, WADA will support integrated approaches to clean water and sanitation service delivery in Africa where more than 300 million are without an improved water source and 630 million lack improved sanitation facilities. To address these challenges, WADA will support the development of infrastructure for clean water, sanitation and hygiene education for schools, clean water kiosks for communities, and the installation of sanitation infrastructure in schools and health clinics. This joint investment is aligned with USAID and Coca-Cola`s shared focus on clean water provision as a means to help build healthy, sustainable communities. WADA, established in 2005, is operating under a refreshed investment strategy - the result of a comprehensive and evaluation of its programs. WADA`s new strategic direction combines the core strengths of Coca-Cola and USAID for greater impact and contribution to address international water challenges with a focus on water for health, the environment and productive use. This strategy is built on the core values of local ownership, institutional synergy, technical quality and transformational change.  Full Article

The Coca-Cola Co Declares Regular Quarterly Dividend
Thursday, 25 Apr 2013 04:04pm EDT 

The Coca-Cola Co announced that the Board declared a regular quarterly dividend of 28 cents per common share. The dividend is payable July 1, 2013, to shareowners of record as of June 14, 2013.  Full Article

Coca-Cola Enterprises Inc Announces Right To Acquire German Bottler Will Expire And Increases Expected Return Of Cash To Shareowners
Thursday, 25 Apr 2013 07:30am EDT 

Coca-Cola Enterprises Inc announced that the right to acquire the German bottling business from The Coca-Cola Company will expire on May 25. As a result, CCE will increase expected return of cash to shareowners in 2013.  Full Article

Coca-Cola Bottling Co. Consolidated Announces Signing Of Letter Of Intent With The Coca-cola Company For Expansion Of Franchise Territory
Tuesday, 16 Apr 2013 07:41am EDT 

Coca-Cola Bottling Co. Consolidated announced that it has signed a non-binding letter of intent with The Coca-Cola Company to expand the Company`s franchise territory. The letter of intent provides additional distribution rights for the Company in parts of Tennessee and Kentucky which include major markets, Knoxville, TN and Lexington and Louisville, KY. Coca-Cola Refreshments USA, Inc. (CCR), a wholly owned subsidiary of The Coca-Cola Company, currently serves this territory. The proposed transaction for acquiring distribution rights to the expanded territory will be accomplished by a sub-bottling arrangement with CCR under which the Company would make ongoing payments to CCR in exchange for the exclusive distribution rights in the territory. CCR would also transfer its rights in the territory to distribute brands not owned by The Coca-Cola Company to the Company as part of the transaction. In addition to territory rights, the Company would also acquire distribution assets and certain working capital from CCR relating to the expanded territory. The Company would not acquire any production assets from CCR. The new territory will be covered by a new form of comprehensive beverage agreement between the parties.  Full Article

The Coca-Cola Co Cutting 750 U.S. Jobs-Reuters
Thursday, 21 Mar 2013 10:39am EDT 

Reuters reported that The Coca-Cola Co said it will lay off 750 people in the United States as the soft drinks maker streamlines its business. The job cuts, which will be across the board, represent about 1 percent of the company's workforce of 75,000 in North America. About one-fourth of the cuts will be in Coke's home city of Atlanta, said a spokesman, confirming an earlier media report.  Full Article

The Coca-Cola Co Prices $2.5 Billion of Senior Notes
Thursday, 28 Feb 2013 06:04pm EST 

The Coca-Cola Co announced that it priced $500 million aggregate principal amount of floating rate notes due 2015, $1.25 billion aggregate principal amount of 1.15% notes due 2018 and $750 million aggregate principal amount of 2.50% notes due 2023 in an underwritten, registered public offering. The transaction is expected to close on March 5, 2013, subject to customary closing conditions. The Company intends to use the net proceeds from this offering to fund the redemption of the outstanding 5.00% Notes due 2013, 7.375% Notes due 2014 and 4.25% Notes due 2015, each issued by its wholly owned subsidiary Coca-Cola Refreshments USA, Inc., to pay related fees and expenses, including redemption premiums, and for general corporate purposes. BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC and Morgan Stanley & Co. LLC acted as joint book-running managers for the offering.  Full Article

From stock-pickers to pensioners, Fed board filings show millionaires

WASHINGTON - The five members of the Federal Reserve board that oversee U.S. monetary policy have plenty of money of their own, according to government filings released on Thursday.

Search Stocks