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China Blocks Coca-Cola’s $2.3 Billion Huiyuan Bid

Chart Forum » Stocks - USA » China Blocks Coca-Cola’s $2.3 Billion Huiyuan Bid

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lukematt
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Username: lukematt

Post Number: 12
Registered: 10-2008

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Thursday, March 19, 2009 - 07:42 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)



From Bloomberg: "China Huiyuan Juice Group Ltd. plunged by a record 53 percent in Hong Kong trading after Chinese regulators blocked Coca-Cola Co.’s $2.3 billion takeover bid for the country’s biggest domestic juicemaker."

During privatization in the Czech Republic, Coca-Cola announced a bottling and distribution deal for the country's second largest city, Brno, with a company named Fruta Modrice.

Of course, Fruta Modrice's share price skyrocketed.

After enough normal people got sucked into buying Fruta Modrice shares on the basis of this "good news", Coca-Cola announced that they were terminating the agreement because Fruta Modrice's bottling equipment wasn't up to standards. (Didn't Coca-Cola check the equipment **before** announcing the deal?)

The situation with China Huiyuan Juice Group's shares seems very similar.

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