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Coca-Cola European Partners increases offer for Amatil
Coca-Cola European Partners has upped its offer for Coca-Cola Amatil by 5.9%, noting an improved economic outlook in Australia and New Zealand.
CCEP has raised the offer to $9.93bn AUD ($7.7bn USD), up from its offer of AUD $9.28bn ($6.6bn) in October.
The offer has been raised thanks to stronger economic conditions and market outlook as Australia and New Zealand recover from the pandemic. CCEP has declared that this is its best and final offer.
Amatil Chairman Ilana Atlas said,
The economic outlook for Australia and New Zealand has improved since the announcement of the original CCEP proposal and recent trading validates our strategy and demonstrates our strong recovery. The value of Amatil has increased and we are pleased that CCEP has acknowledged this in increasing its proposed cash consideration to Independent Shareholders.”​ ....

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