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Follow on Google News | Coca-Cola Enterprises Inc. Investor files lawsuit against proposed takeoverAn investor in Coca-Cola Enterprises Inc. (Public, NYSE-CCE) filed a lawsuit against the board of directors of Coca-Cola Enterprises Inc. - Contact the Shareholders Foundation, Inc
By: Shareholders Foundation, Inc. If you are a current investor in Coca-Cola Enterprises Inc. , who purchased CCE stock before February 15, 2010, you have certain options and you should contact the Shareholders Foundation, Inc at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554 An Coca-Cola Enterprises Inc. investor filed a lawsuit over alleged breaches of fiduciary duty of the Coca-Cola Enterprises Inc board of directors arising out of their attempt to sell Coca-Cola Enterprises Inc. to The Coca-Cola Company. On February 15, 2010, the Coca-Cola Company and Coca-Cola Enterprises Inc. announce that they have entered into an agreement under which the Coca-Cola Company will acquire Coca-Cola Enterprises entire North American business, which consists of approximately 75 percent of U.S. bottler-delivered volume and almost 100 percent of Canadian bottler-delivered volume. Under the proposed deal Coca-Cola Enterprises' shareholders, excluding The Coca-Cola Company, will exchange each share for $10 in cash and a share of a new Coca-Cola Enterprises focused solely on Europe. The new company will retain the Company's name. The Company's North American operations accounted for over half of its operating income in 2009. The deal is expected to close in the fourth quarter of 2010. According to the complaint the plaintiff alleges that the “transaction is unfair and directly injures CCE shareholders” Coca-Cola Enterprises Inc, Atlanta, Geogria, is engaged in marketing, producing and distributing non-alcoholic beverages. The Company serves a market of approximately 421 million consumers throughout the United States, Canada, the United States Virgin Islands and certain other Caribbean islands, Belgium, continental France, Great Britain, Luxembourg, Monaco, and the Netherlands. It markets, produces, and distributes its products to customers and consumers through licensed territories in 46 states in the United States, the District of Columbia, the United States Virgin Islands and certain other Caribbean islands, and the 10 provinces of Canada (collectively referred to as North America). Coca-Cola Enterprises Inc. reported in 2007 Total Revenue of $20.936billion with a Net Income of $771million, in 2008 Total Revenue of $21.807billion, and in 2009 Total Revenue of $21.645billion with a Net Income of $731million. Shares of Coca-Cola Enterprises Inc. traded at $26 per share after the announcement, and at almost $20 per share days before the news. CCE shares, were down form $26.65 per share in 2008, and reached over $28 per share in 2004. Those who are a current investor in Coca-Cola Enterprises Inc. , who purchased CCE stock before February 15, 2010, you have certain options and you should contact the Shareholders Foundation, Inc at: mail@shareholdersfoundation.com or at: +1 (858) 779 – 1554 Shareholders Foundation, Inc. Trevor Allen 3111 Camino Del Rio North - Suite 423 - 92108 San Diego Phone:+1-(858)- Fax:+1-(858)- mail@shareholdersfoundation.com www.ShareholdersFoundation.com ____________________________________________________________ # # # The Shareholders Foundation, Inc. is an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon End
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