1987 – Year of the shrinking market?
Coca-Cola last month raised $1.18 billion in the second largest initial public offering in US history, of equity in its new bottling unit, Coca-Cola Enterprises.
This year, Coca-Cola paid $2.7 billion for some of the biggest bottlers in the US. By offering 51% of the shares in its new subsidiary, it is hoping to pay more than half of the $3 billion credit it set up with Citibank. That leaves $1.4
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