Coke moves a step closer to acquiring Huiyuan Juice
The approval process for the $2.4 billion acquisition enters phase two. External factors suggest the deal will be successful by the March 23 deadline.
The Coca-Cola Company's application for regulatory approval of its $2.4 billion acquisition of Hong Kong-listed Huiyuan Juice has crossed the initial 90-day milestone, and has now moved into the next phase of the 200-day period, the two companies said in a joint statement yesterday.
The application has been lodged with the Chinese Ministry of Commerce for approval under the anti-monopoly law.
The 200-day period to gain regulatory approval, which was agreed between the two parties, will end on March 23,...
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