(Bloomberg) -- Coca-Cola Co., the world's biggest
soda maker, agreed to buy the maker of Glaceau Vitaminwater and
Smartwater for $4.1 billion as it tries to narrow the gap with
PepsiCo Inc. in sales of noncarbonated drinks.
Coca-Cola will pay cash for closely held Energy Brands
Inc., which controls about 30 percent of the U.S. market for
flavored water. The transaction will probably add to Coca-Cola's
per-share earnings in the first full year after completion, the
Atlanta-based company said today in a Business Wire statement.
Read more at Bloomberg Stocks News
soda maker, agreed to buy the maker of Glaceau Vitaminwater and
Smartwater for $4.1 billion as it tries to narrow the gap with
PepsiCo Inc. in sales of noncarbonated drinks.
Coca-Cola will pay cash for closely held Energy Brands
Inc., which controls about 30 percent of the U.S. market for
flavored water. The transaction will probably add to Coca-Cola's
per-share earnings in the first full year after completion, the
Atlanta-based company said today in a Business Wire statement.
Read more at Bloomberg Stocks News
No comments:
Post a Comment