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Follow on Google News | KO, COT, and EQLB Stock Update From PennyToBuck.comCoca-Cola and USAID announced they will provide an initial contribution of $1 million to the Haiti Hope Project, a public-private initiative that aim to develop a sustainable mango industry in Haiti.
By: Justin Handy KTNV is owned by New York Stock Exchange-traded Journal Communications, Inc. The Company owns television stations, radio stations and newspapers in Arizona, Wisconsin, California, Florida and other major markets throughout the country. Chief Executive Officer Owens also stated that the market for EQ is very large and that he expects EQ Energy drink to be in 5,000 additional stores by year end as the company’s products are already in 45 states. Owens stated that the “Healthy Energy Drink” is being used by students, truck drivers and young adults because of its wide spread appeal. About EQ Labs, Inc. EQ Labs is engaged in the development, marketing and sale of EQ (”The Smart Energy Drink”). EQ is an effervescent tablet that can be dissolved in any beverage to provide instant energy. Consisting of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee. EQ is currently sold at Best Buy, 7-Eleven, Walgreens and other leading retailers. For more information about EQ, visit: http://www.drinkeq.com/ Cott Corporation announced today that it has completed its previously announced acquisition of substantially all of the assets and liabilities of Cliffstar Corporation and its affiliated companies for U.S. $500 million in cash, subject to adjustments for working capital, indebtedness and certain expenses. Cliffstar is entitled to additional contingent earnout consideration of up to a maximum of U.S. $55 million, the first U.S. $15 million of which is payable upon the taking of substantial steps toward upgrades of certain expansion projects in 2010, and the remainder is based on the achievement of certain performance measures during the fiscal year ending January 1, 2011. Cliffstar is also entitled to U.S. $14 million of deferred consideration, which will be paid over a three-year period. Cott financed the acquisition through the closing of its previously announced private placement offering of up to U.S. $375 million in aggregate principal amount of 8.125% senior notes due 2018 (the "Note Offering") and underwritten public offering of 13,340,000 shares (the "Equity Offering") at a price of U.S. $5.60 per share (including the exercise of the underwriters' over-allotment option for 1,740,000 shares). Cott financed the remainder of the purchase price through borrowings under its asset based lending facility, which Cott refinanced in connection with the Cliffstar acquisition to, among other things, provide for the acquisition of Cliffstar, the Note Offering and the application of net proceeds therefrom, the Equity Offering and the application of net proceeds therefrom and increase the amount available for borrowings to U.S. $275 million. About Cott Corporation The closing of the Cliffstar transaction makes Cott the world's largest retailer brand beverage company. With approximately 4,000 employees, Cott operates soft drink, juice, water and other beverage bottling facilities in the United States, Canada, the United Kingdom and Mexico. Cott markets non-alcoholic beverage concentrates in over 50 countries around the world. For more information about COT, visit: http://www.cott.com The Coca-Cola Company and the United States Government, acting through the U.S. Agency for International Development (USAID), announced that USAID will provide an initial contribution of $1 million to the Haiti Hope Project, a public-private initiative that aims to develop a sustainable mango industry in Haiti. The Coca-Cola Company launched the Haiti Hope Project with the introduction of its Odwalla Haiti Hope Mango Lime-Aid, whose profits directly support the Project. Total investment in the Haiti Hope Project now reaches $7.5 million, with $3.5 million from The Coca-Cola Company, $3 million from the Inter-American Development Bank’s Multilateral Investment Fund (MIF) and $1 million from the United States Government. TechnoServe will be implementing the Project on the ground. The Clinton Bush Haiti Fund recently announced that it will contribute over $500,000 to support the formation and financing of mango producer groups, nurseries and collection centers to benefit farmers.The Coca-Cola Company (NYSE- KO - News) is the world’s largest beverage company, refreshing consumers with more than 500 sparkling and still brands. Along with Coca-Cola®, recognized as the world’s most valuable brand, the Company’s portfolio includes 12 other billion dollar brands, including Diet Coke®, Fanta®, Sprite®, Coca-Cola Zero®, vitaminwater® For FREE Daily Stock Alerts & Updates Signup At: http://pennytobuck.com/ THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PennyToBuck.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers.Our disclaimer ( http://pennytobuck.com/ End
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