Coca-Cola Enterprises Inc. Announces Letter of Intent to Acquire Albuquerque, New Mexico Bottler.ATLANTA--(BUSINESS WIRE)--Oct. 26, 1998--Coca-Cola Enterprises today announced the Company has signed a letter of intent to acquire The Coca-Cola, Dr Pepper Bottling Company A bottling company is a commercial enterprise whose output is the bottling of beverages for distribution. Many bottling companies are franchisees of corporations such as Coca-Cola and PepsiCo who distribute the beverage in a specific geographic region. of Albuquerque (Coca-Cola Albuquerque). Operating in central and portions of western New Mexico New Mexico, state in the SW United States. At its northwestern corner are the so-called Four Corners, where Colorado, New Mexico, Arizona, and Utah meet at right angles; New Mexico is also bordered by Oklahoma (NE), Texas (E, S), and Mexico (S). , Coca-Cola Albuquerque generated 1997 net operating revenues of approximately $54 million and total unit case sales of 11 million. The proposed transaction is subject to negotiation of a definitive purchase agreement, expiration of the Hart-Scott-Rodino Antitrust review period, and approval of all appropriate boards of directors. Coca-Cola Enterprises expects to finance a majority of the transaction with shares of the Company's common stock. Coca-Cola Enterprises Inc. (NYSE NYSE See: New York Stock Exchange : CCE CCE Cornell Cooperative Extension CCE Corporate and Continuing Education CCE Coca-Cola Enterprises Inc. CCE Commission de Coopération Environnementale CCE Centre for Continuing Education CCE College of Continuing Education CCE Certified Computer Examiner ) is the world's largest marketer, distributor, and producer of bottle and can liquid nonalcoholic non·al·co·hol·ic adj. A beverage usually containing less than 0.5 percent alcohol by volume. refreshment. Coca-Cola Enterprises sells more than 65 percent of The Coca-Cola Company's bottle and can volume in North America and is the sole licensed bottler for products of The Coca-Cola Company in Belgium, Great Britain, Luxembourg, the Netherlands, and most of France. In addition, as previously announced, the Company has pending transactions to acquire six United States bottlers. |
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