Beverage News

Coca-Cola obtains regulatory clearance for CCE's North American business acquisition

September 28, 2010
/ Print / Reprints /
ShareMore
/ Text Size+

The Coca-Cola Co., Atlanta, announced that the U.S. Federal Trade Commission and Canadian Competition Bureau have both cleared the company's proposed acquisition of the North American operations of Coca-Cola Enterprises (CCE), subject to certain firewall protective measures with respect to its new distribution agreements with Dr Pepper Snapple Group.
 
"We are pleased to have received regulatory clearance for the acquisition of CCE's North American business," said Muhtar Kent, chairman and chief executive officer of The Coca-Cola Co., in a statement. "The thoughtful and disciplined planning process for our new North American business structure will enable us to operate as one strong, aligned business system, with increased operating effectiveness and efficiency. Upon close, we will be well positioned to best serve the unique needs of our flagship market and accelerate sustainable growth for the Coca-Cola system."
 
The completion of the acquisition remains subject to the receipt of approval by CCE shareowners, who are scheduled to vote on Friday. Coca-Cola anticipates the acquisition will become effective in the days following CCE shareowner approval.

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

International Pineapple Day at Bahama Breeze

In celebration of International Pineapple Day on April 2, Bahama Breeze locations across the country invited the media and consumers to celebrate with cocktails that feature the tropical flavor of the pineapple. (Photos by Liz Parker and Jennifer Haderspeck)

10/10/13 2:00 pm EDT

Ditch the weighting agents: A cost effective solution for delivering flavors and actives

Available On Demand Learn how to reduce costs and energy use by enabling high oil load emulsions, eliminating the need for weighting agents like brominated vegetable oil (BVO).

THE MAGAZINE

Beverage Industry Magazine

BI April 2014 cover

2014 April

The April 2014 Beverage Industry includes a cover story on moonshine, as well as articles about CSD brands, whiskey, and more. Check it out today!

Table Of Contents Subscribe

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

Spirits Segments

Which spirits segment will perform the best in 2014?
View Results Poll Archive

THE BEVERAGE INDUSTRY STORE

cleaning-in-place-dairy-foo.gif
Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products

Webinars

Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!

STAY CONNECTED

facebook40 twitter    youtubelinked