Key Developments: The Coca-Cola Co (KO)

KO on New York Consolidated

42.74USD
1 Oct 2014
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$0.08 (+0.19%)
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Latest Key Developments (Source: Significant Developments)

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

The Coca-Cola Co Increases Annual Dividend By 10 %
Thursday, 21 Feb 2013 10:28am EST 

The Coca-Cola Co announced that it has approved the Company's annual dividend increase, raising the quarterly dividend 10 % from 25.5 cents to 28 cents per common share. This is equivalent to an annual dividend of $1.12 per share, up from $1.02 per share in 2012. The first quarterly dividend is payable April 1, 2013, to share owners of record as of March 15, 2013.  Full Article

Coca Cola Femsa SAB de CV Finalizes Acquisition of 51% of The Coca-Cola Company's Philippines' Bottling Operation
Thursday, 24 Jan 2013 08:22pm EST 

Coca Cola Femsa SAB de CV announced that it has finalized the acquisition of 51% of Coca-Cola Bottlers Philippines, Inc. (CCBPI) from The Coca-Cola Company for an amount of USD688.5 million in an all-cash transaction. The closing of this transaction will be effective on January 25, 2013. This purchase price represents an aggregate enterprise value for 100% of the bottler of USD1,350 million. As part of the agreement, Coca-Cola FEMSA will have an option to acquire the remaining 49% of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six.  Full Article

The Coca-Cola Co Acquires Sacramento Coca-Cola Bottling Company
Wednesday, 2 Jan 2013 02:00pm EST 

Sacramento Coca-Cola Bottling Company announced that it has been acquired by The Coca-Cola Company. Sacramento Coca-Cola is the independent Coca-Cola bottler in the United States, with territories in all or part of nine counties in northern California. The purchase price was not disclosed.  Full Article

Coca Cola Femsa SAB de CV Signs Definitive Agreement to Acquire 51% of The Coca-Cola Company's Philippines' Bottling Operation
Friday, 14 Dec 2012 12:01am EST 

Coca Cola Femsa SAB de CV announced that it have signed a definitive agreement for Coca-Cola FEMSA to acquire 51% of Coca-Cola Bottlers Philippines, Inc. (CCBPI) for an amount of USD688.5 million in an all-cash transaction. This purchase price represents an aggregate enterprise value for 100% of the bottler of USD1,350 million which results in a 2012 projected EBITDA multiple of approximately 13.5 times. As part of the agreement, Coca-Cola FEMSA will have an option to acquire the remaining 49% of CCBPI at any time during the seven years following the closing and will have a put option to sell its ownership to The Coca-Cola Company any time during year six. The transaction is expected to close in early 2013.  Full Article

The Coca-Cola Co Ups Dairy Ante With Stake In Core Power-Reuters
Tuesday, 4 Dec 2012 01:29pm EST 

Reuters reported that The Coca-Cola Co is taking an ownership stake in the maker of the Core Power protein drink as the soft drink Company increases its bet on milk-based beverages. Coca-Cola said it and Select Milk Producers Inc, a cooperative of dairy farmers, were taking equal stakes in the Core Power maker, which will be known as Fair Oaks Farms Brands LLC.  Full Article

The Coca-Cola Co Announces New Share Repurchase Program
Thursday, 18 Oct 2012 03:00pm EDT 

The Coca-Cola Co announced that the Board of Directors has authorized a new share repurchase program of 500 million additional shares of the Company`s common stock.  Full Article

Sanofi SA and The Coca-Cola Co Set Up 50-50 Partnership to Launch Drinks Carrying Well-Being And Beauty Claims-Dow Jones
Tuesday, 16 Oct 2012 01:30pm EDT 

Dow Jones reported that Sanofi SA and The Coca-Cola Co have set up a 50-50 partnership to launch a range of drinks carrying various well-being and beauty claims as part of parallel diversification efforts. The drinks, called Beautific Oenobiol, after Sanofi's beauty nutrition brand, are being launched in French pharmacies this autumn, the companies said. In a later stage, distribution could be extended to other European countries, they said.  Full Article

REFILE-Amazon to sell packaged food and beverages in India - Economic Times

(Corrects name of beverage to Coca-Cola Zero from Coco-Cola Zero in paragraph 2)

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