Tuesday, November 28, 2006

Coca-Cola (KO) Denies Coca-Cola Enterprises (CCE) Buyout Rumors

According to reports from Reuters, Coca-Cola (NYSE: KO) denied rumors that it plans to buyout its largest bottler Coca-Cola Enterprises Inc. (NYSE: CCE). Link

Coca-Cola CEO Neville Isdell said, "We have no intention to buy CEE."

Earlier in the month, financial publication Barron's reported on the possibility of a merger between the two.

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