Coca-Cola Enterprises lifts full-year guidance

The bottler Coca-Cola Enterprises boosted its full-year profit forecast on Tuesday and said it anticipates completing the sale of its North American operations to Coca-Cola Co. in the fourth quarter.

Coca-Cola, based in Atlanta, announced in February that it would buy the North American operations of Coca-Cola Enterprises Inc., its biggest bottler, for $3.4 billion. It would also assume $8.88 billion in debt.

In exchange, the bottler will buy certain foreign bottling operations from Coca-Cola, and its shareholders will get shares for a new company and $10 a share.

Read Full Article from The Associated Press

- Posted: 2010-09-07 21:18:21

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