Binding deed puts Amatil a step closer to European takeover

Original article by Sue Mitchell
The Australian Financial Review – Page: 29 : 5-Nov-20

Coca-Cola European Partners has completed due diligence on Coca-Cola Amatil and entered into a binding scheme implementation deed with the Australian-listed company. The proposed $9bn takeover requires the support of at least 75 per cent of CCA shareholders and approval from the Foreign Investment Review Board. Shareholders are likely to vote on the scheme of arrangement in March. Some of CCA’s institutional shareholders consider the cash offer of $12.75 per share to be opportunistic.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS PLC, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Amatil chiefs back $9.3bn takeover bid

Original article by Eli Greenblat
The Australian – Page: 13 & 16 : 27-Oct-20

Shares in Coca-Cola Amatil closed 16.28 per cent higher at $12.50 on 26 October, after its independent directors endorsed a takeover proposal from Coca-Cola European Partners. The cash offer of $12.75 per share also has the support of CC Amatil’s chair Ilana Atlas and CEO Alison Watkins, as well as 30.4 per cent shareholder The Coca-Cola Company. Atlas says the board decided to recommend the $9.3bn bid after assessing the company’s earnings outlook.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS, THE COCA-COLA COMPANY

CC Amatil and Coke Europe in merger talks

Original article by Sue Mitchell
The Australian Financial Review – Page: 14 & 20 : 26-Oct-20

Shares in Coca-Cola Amatil were placed in a trading halt on 23 October, pending an announcement on a "potential material transaction". Bloomberg has reported that the beverages group is in advanced talks with Coca-Cola European Partners regarding a takeover proposal that could be worth around $10bn. The Coca-Cola Company has a 30.4 per cent stake in CCA and a 19.3 per cent stake in CCEP, positioning it to play a key role in any deal that emerges. A takeover of Australia’s largest non-alcoholic beverage would most likely need to be approved by the Foreign Investment Review Board.

CORPORATES
COCA-COLA AMATIL LIMITED – ASX CCL, COCA-COLA EUROPEAN PARTNERS, THE COCA-COLA COMPANY, BLOOMBERG LP, AUSTRALIA. FOREIGN INVESTMENT REVIEW BOARD

Landlord tougher than Lowy

Original article by Matthew Cranston
The Australian Financial Review – Page: 1 & 33 : 20-Feb-18

Unibail-Rodamco owns EUR42.5 billion ($A66 billion) worth of shopping centres across Europe. CEO Christophe Cuvillier notes that it weeds out 10 per cent of its poorest-performing tenants every year. Cuvillier says he is unsure if any other shopping centre operates in such a manner. He is currently in Australia to speak with Westfield Corporation and Unibail-Rodamco investors in order to convince them of the merits of his company’s $A33bn bid for Westfield.

CORPORATES
UNIBAIL-RODAMCO, WESTFIELD CORPORATION – ASX WFD, DEUTSCHE BANK AG, GOLDMAN SACHS AUSTRALIA PTY LTD, NM ROTHSCHILD AUSTRALIA HOLDINGS PTY LTD, SCENTRE GROUP – ASX SCG, L’OREAL SA