Coca-Cola Consolidated Buys Back 18.8 Million Units From The Coca-Cola Company for Approximately 2.4 Billion USD

Reuters11-08
Coca-Cola Consolidated Buys Back 18.8 Million Units From The Coca-Cola Company for Approximately 2.4 Billion USD

Coca-Cola Consolidated Inc. has repurchased all outstanding shares of its common stock held by a subsidiary of The Coca-Cola Company, totaling 18.8 million shares at a price of $127.00 per share, for an aggregate purchase price of approximately $2.4 billion. The transaction was funded using a combination of cash on hand and a $1.2 billion, 364-day term loan facility. Following the buyback, The Coca-Cola Company has relinquished its seat on Coca-Cola Consolidated's Board of Directors.

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