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Stock Market & Financial Investment News

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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June 26, 2015
16:00 EDTKOOptions Update; June 26, 2015
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June 25, 2015
19:34 EDTKOAirbus, Qualcomm, others invest $500M in OneWeb's global internet initiative
OneWeb announced it has raised $500M in funding from a number of companies, including Airbus (EADSY), Bharti, EchoStar's (SATS) Hughes, Intelsat (I), Qualcomm (QCOM), Coca-Cola (KO), Totalplay, and Virgin Group. OneWeb is engaged in developing satellite technologies to "beam" broadband internet to rural and underdeveloped locations, as well as to ships, planes, trains, and oil platforms. Bharti chairman Sunil Bharti Mittal will be joining Airbus Group CEO Tom Enders as well as Virgin's Richard Branson and Qualcomm's Paul Jacobs on the OneWeb board of directors. OneWeb also reiterated its June 15 announcement of its joint venture with Airbus to design and manufacture 900 microsatellites. "We are committed to giving our full industrial and space expertise to this mission," remarked Airbus' Tom Enders. "Intelsat has the world’s largest fleet of Ku Band geostationary satellites and our interoperability will enable pole-to-pole and urban canyon coverage with new services," said Intelsat. Note that both Facebook (FB) and Google (GOOG) are working on similar projects to facilitate global internet access. Reference Link
07:39 EDTKOMonster Beverage legacy international sales can at least triple, says Stifel
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June 22, 2015
17:29 EDTKOCoca-Cola reports 16.7% stake in Monster Beverage
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