4 Merger and Acquisitions Stock Stories to Round Out the Week
The Coca-Cola Company (NYSE:KO): Current price $37.55
On Thursday, the Mexican bottling company Coca-Cola FEMSA SAB De CV said that it will acquire Grupo Yoli in a transaction valued at approximately $700 million in which Coke will pay with shares and absorb debt. Grupo Yoli will receive 42.4 million newly-issued Coca-Cola FEMSA L Shares, with each valued at 184 pesos. Further, Coca-Cola FEMSA will absorb 1 billion pesos in net debt. The purchased company operates in the western states of Guerrero and Oaxaca.
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