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News Breaks
December 14, 2012
05:20 EDTKOF, KOCoca-Cola Femsa acquires 51% of Philippines bottling operation for $688.5M cash
Coca-Cola FEMSA (KOF) and The Coca-Cola Company (KO) have signed a definitive agreement for Coca-Cola FEMSA to acquire 51% of Coca-Cola Bottlers Philippines for an amount of $688.5M in an all-cash transaction. This purchase price represents an aggregate enterprise value for 100% of the bottler of $1.35B 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.
News For KOF;KO From The Last 14 Days
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January 27, 2015
07:29 EDTKOPepsi launches naturally-sweetened Pepsi True in three states, WSJ says
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January 26, 2015
09:56 EDTKO, KOFBofA/Merrill food/beverages analysts to hold an analyst/industry conference call
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January 23, 2015
10:02 EDTKOFOn the Fly: Analyst Downgrade Summary
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06:28 EDTKOFCoca-Cola Femsa downgraded to Neutral from Overweight at JPMorgan
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January 20, 2015
09:38 EDTKOActive equity options trading
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January 14, 2015
09:54 EDTKOMcDonald's slips after Ackman says rumored investment 'unlikely'
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09:46 EDTKOAckman says 'unlikely' to invest in McDonald's, Bloomberg reports
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08:50 EDTKOMonster Beverage upgraded to Outperform at Cowen
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