Key Developments: The Coca-Cola Co (KO)

KO on New York Consolidated

42.40USD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

PureCircle Ltd Announcement Agreements With The Coca-Cola Co
Friday, 28 Sep 2012 02:01am EDT 

PureCircle Ltd announced that it has entered into two interdependent agreements with The Coca-Cola Co (TCCC). The first is a joint development agreement which allows for the continued joint investigation and development of a stevia sweetener product as a commercially viable food ingredient. The second agreement is an ingredient supply agreement where the Company is appointed the supplier of certain stevia products (Products). The agreement establishes a framework pursuant to which TCCC shall, based on its requirements, purchase the Products from the Company at prices to be agreed between the parties, subject to pre-agreed pricing parameters, for a five year period.  Full Article

JBF Industries Ltd Enters Into Partnership With The Coca-Cola Co For Setting Up Of New Production Facility In Brazil
Thursday, 27 Sep 2012 06:29am EDT 

JBF Industries Ltd announced that it is entering into a partnership with The Coca-Cola Co to set up production facility for Bio Glycol (MEG) in Brazil. It is estimated that the facility will produce 500,000 Tons of material per year by using locally sourced Ethanol from sugarcane, a renewable source of raw material and eco friendly route.  Full Article

The Coca-Cola Co Completes Transaction With Aujan Industries
Monday, 24 Sep 2012 09:30am EDT 

The Coca-Cola Co announced that it has completed the transaction to acquire approximately half of the equity in Aujan Industries’ beverage business, one of the largest independent beverage companies in the Middle East. The transaction was initially announced in December 2011. With the completion of the transaction, The Coca-Cola Company has acquired 50 % of the Aujan entity that holds the rights to Aujan-owned brands, and 49 % of Aujan’s bottling and distribution operations, excluding its operations in Iran.  Full Article

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Coke yearns for higher margins to tempt franchisees

NEW YORK - Coca-Cola Co may have annual profits of about $9.3 billion, but that princely sum could fall short of what the world's largest soda maker needs to tempt would-be franchisees into taking over more of its regional bottling operations.

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