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News Breaks | | | | December 14, 2012 | | 05:20 EDT |  | KOF, KO | Coca-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. | |
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News For KOF;KO From The Last 14 Days Check below for free stories on KOF;KO the last two weeks. |
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| May 15, 2013 | | 05:59 EDT |  | KO | Corporate boards recruit newcomers with digital knowledge, WSJ reports
 Subscribe for More Information | | | May 14, 2013 | | 07:25 EDT |  | KO | Goldman to host a symposium
Subscribe for More Information | | | May 13, 2013 | | 14:39 EDT | | KO | Coca-Cola management to meet with JPMorgan
Meeting to be held in New York on May 13 hosted by JPMorgan. | | | May 10, 2013 | | 09:43 EDT | | KO | Coca-Cola to increase investment in China, Xinhua reports
Subscribe for More Information | | | May 8, 2013 | | 07:45 EDT | | KO | Coca-Cola outlines commitments to help fight obesity
Subscribe for More Information | | | May 7, 2013 | | 18:54 EDT | | KO | Coca-Cola to purchase $2B of oranges from new groves
Subscribe for More Information | | | May 6, 2013 | | 14:06 EDT | | KO | Facebook to launch video advertising in newsfeed, FT reports
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