Coca-Cola Amatil Chief Executive Terry Davis has told a business congress in Sydney this morning that he believes Lion Nathan will struggle to up the bid that CCA believes undervalues their worth. Last week CCA, Australia’s largest soft drink bottler, advised that they would fend off the $7.6b bid made by Lion Nathan - Australia’s second largest brewer. Mr Davis claimed the bid was flawed and “half-baked” and argued that the bid undervalues the company and could hurt CCA shareholders,... ...Read more »

The late 2000s have proven to be a challenging period for the US liquid refreshment beverage category, but growth persists as do opportunities. The changes in the US marketplace often present leading indications as to where the Australian market is headed. Many factors confront the industry, which consists of carbonated soft drinks, bottled water, milk, fruit beverages, sports beverages, ready-to-drink tea and coffee, and energy drinks. Some relate to broader economic and social conditions, while... ...Read more »

Lion Nathan Chief Executive, Rob Murray, has advised that Australia’s second largest brewer is likely to drop their bid for Coca-Cola Amatil if it cannot be made on amiable terms. The offer, which was announced to shareholders by Coca-Cola Amatil (CCA) last Monday, values CCA at upwards of $7.6b. It has, however, been met with disapproval from their major shareholder (The Coca-Cola Company), the CCA Board and CCA CEO Terry Davis - who dismissed it as a “flawed” bid. “Let’s... ...Read more »

Coca-Cola Amatil (CCA) Chief Executive Terry Davis is not likely to change his mind about the current $7.6b takeover bid tabled by Lion Nathan, believing it to be “half-baked”. He has left the door open to a deal, however, with the right conditions. CCA told shareholders on Monday that Lion Nathan had launched an unsolicited takeover bid for Australia’s largest bottler of soft drinks, in an endeavour to create Australia’s largest beverage company. Coca-Cola Amatil informed... ...Read more »

The Board of Coca-Cola Amatil has decided to fend off the takeover offer made by Lion Nathan, believing it not to be in the best interests of their shareholders. Yesterday they noted “material deficiencies” in the offer made by Lion Nathan, which valued Australia’s largest soft drink bottler at around 10.8 x FY2008 earnings (or about $7.6b). The Board’s main concern is that the price to earnings multiple value of 10.8 is below the other major beverage deals made in Oceania... ...Read more »

Lion Nathan Limited has confirmed that it is in discussions with Coca-Cola Amatil Limited (CCA) regarding a potential combination of the two companies, which would result in Lion Nathan acquiring all of the issued shares in CCA. The announcement was made just before midday, after they had earlier asked for a trading halt to be placed on their shares until an announcement was made. The proposed combination would create the leading Australian and New Zealand beverage company, with a diversified portfolio... ...Read more »

Australia’s largest soft drink bottler, Coca-Cola Amatil, has today informed shareholders that brewer Lion Nathan has made a A$7.61b takeover offer for CCA. The news comes following rumours circulating of a pending merger between Lion Nathan and Coca-Cola Amatil (CCA). Lion Nathan, Australia’s second largest brewer, entered a trading halt this morning in the wake of fresh rumours in the Australian Financial Review that merger discussions with Australia’s biggest soft drink bottler... ...Read more »

With the world on the brink of a global downturn and a further intensification of competition likely between products and brands, there is more and more pressure on beverage manufacturers to differentiate their brands through radically different and innovative packaging materials and design. As market conditions have deteriorated over the last 18 months, pressure on margins, coupled with highly volatile energy and materials costs and increasing environmental pressures, have shifted the focus of packaging... ...Read more »

Coca-Cola North America has announced plans to place calories-per-serving and servings-per-container information on the front of all packages for its entire US beverage portfolio. Coca-Cola report that research shows calorie information is an important tool to help people make informed decisions about the calorie contribution of foods and beverages to their total dietary intake, and thus is important information in helping them achieve and/or maintain their healthy weight. In 2003, the... ...Read more »

Coca-Cola Amatil has announced they are on track to meet profit guidance and may have found the right energy drink to compete with V and Red Bull, with sales of Mother surpassing expectations. “Notwithstanding the volatile market conditions, CCA has experienced solid trading in the third quarter,” a statement from the company advised. “The Australian beverages business has cycled very strong volume growth in Q3 2007 and delivered performance in line with expectations. The Australian... ...Read more »