Coca-Cola (NYSE: KO) is expanding further into the world of coffee with the acquisition of Costa. Source: Coca-Cola Coca-Cola says that it is spending a total of $5.1 billion to acquire the Costa Coca-Cola is getting a $5 billion shot of caffeine. The company has agreed to buy coffee chain Costa Coffee from UK drinks and hotels group Whitbread for £3.9 billion ($5.1 billion). Costa has This changed overnight when the U.S. cola titan announced purchasing Costa Coffee on August 31, 2018, in a surprise acquisition. Coca-Cola paid a hefty GBP 3.9 billion or USD 5.1 billion to purchase the British coffee company; a price that analysts argue was on the high side. Advertisement · Scroll to continue. "We are still on track to complete the acquisition (of Chi Ltd) by the end of the first quarter of 2019," Peter Njonjo, president of Coca-Cola's west Africa In addition, Coca-Cola's acquisition of Costa was unfortunately timed. Coca-Cola completed the $4.9 billion deal at the beginning of 2019, and at that time, it was supposed to reinvigorate the 7juk. Abstract The Coca-Cola Company, created in 1886, is the world’s largest beverage corporation, offering over 500 brands to consumers in 200 countries. The company’s revenues and profits have been dwindling over the last decade, due to the shrinking soda market, as consumers are turning away from sugary drinks, and cities are imposing soda taxes. Stafford adds, “While Chinese expansion will be the first port of call for Costa, the US will likely follow behind. While growth for iced coffee products from retailers is moderate, the sheer size of the market makes it an attractive investment opportunity for Costa, especially now that it will gain access to Coca-Cola’s experienced marketing and distribution operations in the country. The acquisition of Costa Coffee brings Coke back to its main street origins. Save. Sunday, 2 September, 2018. News in-depth US & Canadian companies. Coca-Cola to buy Costa Coffee for £3.9bn. Briggo makes Briggo Coffee Hauses – free-standing, self-service coffee machines designed for public spaces and offices. Following the acquisition, Coca-Cola has rebranded Briggo’s machines as Costa Coffee Barista Bots. The Barista Bots can be operated through a smartphone app. A spokesperson for the group said: “The investment in Briggo Therefore $ AMZN is a $2000 stock with flat earnings growth, forward PE 52, down $482 (-14.5%) from $3334 YTD. $ KO up $1.24 (+2.1%) from $59.21 YTD. $ KO is a solid DEFENSIVE holding when the

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