Coca-Cola Co. (KO) May Bid For Its Largest Bottler (CCE)
Barron's reported on Saturday that beverage giant Coca-Cola Co. (NYSE:KO - News) may consider buying its largest bottler Coca-Cola Enterprises Inc (NYSE:CCE - News), according to a report in weekly financial newspaper Barron's.
Bill Pecoriello, an analyst with Morgan Stanley, said, "The probability of a deal -- and the rationale for doing it -- is growing."
Pecoriello suggests that Atlanta-based Coca-Cola may be willing to pay about $27 a share to take control of the bottling company, Barron's said in its latest edition.
Coca-Cola Enterprises shares closed on Friday at $20.23 on the New York Stock Exchange.
Coca-Cola already holds a 36 percent stake in the bottling company, according to the Barron's report.
Bill Pecoriello, an analyst with Morgan Stanley, said, "The probability of a deal -- and the rationale for doing it -- is growing."
Pecoriello suggests that Atlanta-based Coca-Cola may be willing to pay about $27 a share to take control of the bottling company, Barron's said in its latest edition.
Coca-Cola Enterprises shares closed on Friday at $20.23 on the New York Stock Exchange.
Coca-Cola already holds a 36 percent stake in the bottling company, according to the Barron's report.
Labels: CCE, Coca-Cola Co., Cola Enterprises Inc., KO
posted by Stock Administrator @ 6:55 PM
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