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Coca-Cola to refile merger notification
The Coca-Cola Company has withdrawn and will refile its notification and report form filed with the Federal Trade Commission (FTC) in order to provide the FTC additional time to review the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 30 June. Following discussions with the US competition authorities, the company withdrew its notifications and report form on 30 July and refiled it on 2 August in order to allow more time for the competition authorities to review the proposed transaction.
Similarly, the withdrawal today and the planned refiling on 26 August 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.
Source: The Coca-Cola Company
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