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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Coca Cola Company | NYSE:KO | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.18 | -0.29% | 61.59 | 61.90 | 61.21 | 61.89 | 2,028,267 | 15:26:19 |
From May 2019 to May 2024
By Mike Esterl and Tripp Mickle
Coca-Cola Co. said Monday that it would exercise a change-of-control clause, allowing it to acquire SABMiller PLC's former interest in the soft-drink company's largest African bottling company.
The move comes after Anheuser-Busch InBev NV on Monday closed its acquisition of SABMiller PLC to create a beer behemoth with a large African footprint. As of late August, SABMiller had a 54% stake in Coca-Cola Beverages Africa, which distributes about 40% of Coke's volumes in the continent.
Atlanta-based Coke wants to keep AB InBev at arm's length amid speculation the Belgian beer giant eventually could try to acquire Coke. AB InBev also is a major bottler of nonalcoholic drinks in Latin America for PepsiCo Inc., Coke's longtime rival.
Write to Mike Esterl at mike.esterl@wsj.com and Tripp Mickle at Tripp.Mickle@wsj.com
(END) Dow Jones Newswires
October 10, 2016 18:15 ET (22:15 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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