The Coca-Cola Company to Refile Hart-Scott-Rodinopre-Merger Notification
The Coca-Cola Company remains committed to working cooperatively with the FTC as the commission conducts its review of the proposed transactions and continues to expect completion of the transaction in the fourth quarter of 2010, in line with the timeline originally provided.
Aug 25 2010 --- The Coca-Cola Company announced that it has withdrawn and will refile its notification and report form filed with the Federal Trade Commission (FTC) in order to provide the FTC additional time to review the Company's proposal to acquire Coca-Cola Enterprises' (CCE) North American bottling business.
The Coca-Cola Company originally filed its required notification with the FTC on June 30. Following discussions with the U.S. competition authorities, the Company withdrew its notifications and report form on July 30 and refiled it on Aug. 2, in order to allow more time for the competition authorities to review the proposed transaction. Similarly, the withdrawal and the planned refiling on Aug. 26 will allow the authorities additional time to review the proposed transaction. These actions are normal parts of the approval process of major proposed transactions.
Upon refiling of the notification and report form, the FTC will have a 30-day period in which to determine whether to issue a Request for Additional Information or close its investigation.
The Coca-Cola Company remains committed to working cooperatively with the FTC as the commission conducts its review of the proposed transactions and continues to expect completion of the transaction in the fourth quarter of 2010, in line with the timeline originally provided.
