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coca
100
Coke said it will pay cash for closely held Energy Brands, which was founded in 1996 and controls about 30% of the United States market for so-called enhanced waters, which are spiked with vitamins, minerals and sometimes flavors
May 26 '07
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Business
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www.nydailynews.com
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coca
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81
Soft-drink giant Coca-Cola is turning to water to help boost sales, buying the Queens-based maker of Vitaminwater for $4.1 billion
May 26 '07
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Glaceau does not release annual sales figures
May 26 '07
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67
In March, Coca-Cola bought Fuze Beverage LLC to add more juice, tea and energy drinks
May 25 '07
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Business
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www.bloomberg.com
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62
It's the biggest acquisition in Coca-Cola's 115-year history
May 26 '07
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Coca-Cola, the world's biggest soft-drink maker, sells 5% of water drinks, which are more profitable than soda
May 26 '07
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59
"We're looking at this as a long-term opportunity," Chief Operating Officer Muhtar Kent told reporters in a conference call
May 26 '07
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58
A spokeswoman for Glaceau, Nina Fiddian-Green, declined to discuss her company's corporate structure and financial information, and she referred questions to Coca-Cola
May 26 '07
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Previous Purchases Coca-Cola's biggest purchase before today was the $590 million acquisition of a Philippines bottler, which was completed in February
May 25 '07
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www.bloomberg.com
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coca
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percent
54
"This is the position Coke's in, having to pay up because there are so few assets out there that can move the needle for them," said Walter Todd, who helps manage $850 million at Greenwood Capital Management in Greenwood, S.C.The firm previously held Coca-Cola shares
May 26 '07
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52
Glaceau will give Coca-Cola a brand to compete with PepsiCo's SoBe, Aquafina and Propel drinks, which account for about 45% of the United States market for enhanced water
May 26 '07
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coca
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52
Bikoff said Glaceau, which also makes Fruitwater, Smartwater and Vitaminenergy, has had talks with other companies, but he did not say whether there had been other offers besides Coca-Cola's
May 26 '07
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``This is the position Coke's in, having to pay up because there are so few assets out there that can move the needle for them,'' said Walter Todd, who helps manage $850 million at Greenwood Capital Management in Greenwood, South Carolina
May 25 '07
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www.bloomberg.com
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coca
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51
Soft drink volume in the United States dropped 1.2 percent last year for Coca-Cola, and PepsiCo had a 1.3 percent decline, according to data compiled by industry journal Beverage Digest
May 25 '07
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www.bloomberg.com
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coca
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percent
50
Coca-Cola, the world's biggest soft-drink maker, sells 5 percent of water drinks, which are more profitable than soda
May 25 '07
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They have risen 17 percent in the past 12 months, compared with 13 percent for PepsiCo, the second-largest soft-drink maker
May 25 '07
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www.bloomberg.com
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coca
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49
Coke execs said the price tag, which is nearly twice what Glaceau's estimated value was less than a year ago, is worth it
May 26 '07
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The firm previously held Coca-Cola shares
May 25 '07
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coca
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percent
48
Buying Glaceau may be a ``game changer'' for Coca-Cola because it would give the soda-maker control of one of the biggest vitamin-enhanced water brands in the United States, according to Morgan Stanley analyst Bill Pecoriello
May 25 '07
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www.bloomberg.com
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coca
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percent
46
Shares Shares of Coca-Cola rose 54 cents to $51.78 at 9:59 am in New York Stock Exchange composite trading
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
45
Tata bought the stake in August for $677 million, valuing the company at $2.26 billion at the time
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
45
Coca-Cola's board rejected a proposal to buy Quaker Oats Co.in 2000, allowing PepsiCo to snap up Gatorade's parent company for $14 billion
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
44
Glaceau, based in Queens, New York, may help Coca-Cola compete with PepsiCo's SoBe, Aquafina and Propel drinks, which account for about 45 percent of the United States market for enhanced water
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
44
Coca-Cola also bought Leao Junior SA, a Brazilian maker of Matte Leao bottled tea, to give its Latin bottlers more noncarbonated choices
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
44
"I can't tell you anything specific about offers, but I can tell you there were other companies that were talking to us," Glaceau CEO Bikoff said.
May 26 '07
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Business
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43
He said Coca-Cola hasn't decided if it will change Glaceau's current distribution system
May 25 '07
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Business
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www.bloomberg.com
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coca
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42
To contact the reporter on this story: Mary Jane Credeur in Atlanta at mcredeur@bloomberg.net .
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
41
Tata Tea's shares rose 4 percent to 913.65 rupees at the close of trading on the Bombay Stock Exchange
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
41
50 Cent Glaceau brightly colored Vitaminwaters include grape- flavored Formula 50, endorsed by rapper 50 Cent
May 25 '07
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www.bloomberg.com
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coca
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40
``Coke needs Glaceau.'' India's Tata Group said today it would sell its 30 percent stake in Glaceau to Coca-Cola for about $1.2 billion
May 25 '07
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Business
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www.bloomberg.com
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coca
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40
``It represents a significant step forward in establishing sustainable growth in our home market, North America,'' Chief Executive Neville Isdell said today on a conference call
May 25 '07
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Business
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www.bloomberg.com
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coca
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39
Coca-Cola said today that it will pay cash for closely held Energy Brands Inc., which was founded in 1996 and controls about 30 percent of the United States market for flavored water
May 25 '07
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Business
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www.bloomberg.com
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coca
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39
``Everything is on the table,'' Isdell said
May 25 '07
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percent
39
Coca-Cola bought San Miguel Corp.'s 65 percent stake in the bottler, among its 10 biggest soda distributors, to reverse volume declines in the region
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
38
Coca-Cola Buys Maker of Vitaminwater for $4.1 Billion (Update3) By Mary Jane Credeur May 25 (Bloomberg) -- Coca-Cola Co.agreed to buy the maker of Glaceau Vitaminwater for $4.1 billion to narrow the gap with PepsiCo Inc.in sales of noncarbonated drinks
May 25 '07
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Business
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www.bloomberg.com
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percent
37
It's the biggest acquisition in Coca-Cola's 115-year history
May 25 '07
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Business
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percent
37
Coca-Cola, based in Atlanta, said Glaceau will add to per- share earnings in the first full year after the purchase is completed
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
36
Coca-Cola said the purchase will force it to pare share repurchases this year
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
35
It now plans to spend $1.75 billion to $2 billion on buybacks, compared with previous plans for as much as $3 billion
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
35
Its Smartwater has electrolytes to help drinkers feel more hydrated
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
32
The company's Smartwater and Vitaminwater drinks account for about 30 percent of the enhanced water market in the United States, and the company had revenue of about $350 million last year, according to Pecoriello
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
32
He intends to stay with the business for a minimum of three years, along with top managers Mike Repole and Mike Venuti, Coca-Cola said today
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
25
Shipments at Glaceau more than doubled last year to 77 million cases, according to data from Beverage Digest, a trade journal
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
22
John Sicher, an industry analyst and editor and publisher of Beverage Digest, said the price is a function of Glaceau's "astronomical" growth
May 26 '07
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Business
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www.nydailynews.com
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coca
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glaceau
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cola
13
Glaceau was founded by J.Darius Bikoff, who is also chief executive officer of the company, based in Whitestone, New York
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
12
Coke said Glaceau's top three execs — founder and CEO J.Darius Bikoff, President Mike Repole and Chief Financial Officer Mike Venuti — intend to lead the business for at least three years, and that other key managers will remain in the business
May 26 '07
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Business
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www.nydailynews.com
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coca
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glaceau
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cola
9
For further information: Lee Poston, Director, Media Communications WWF-US Tel: +1 202 299 6442 E-mail: lee.poston@wwfus.org
Jun 8 '07
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Science
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www.panda.org
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water
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coca
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cola
5
We will be open about our progress and engage others to better understand what it takes.” END NOTES: • WWF and the Coca-Cola Company have been working together for several years on a number of pilot projects to conserve water, address water efficiency in the company’s operations and protect species
Jun 8 '07
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Science
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www.panda.org
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water
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coca
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cola
2
As part of its US$20 million pledge, Coca-Cola will support more efficient water management in its operations and global supply chain, and reduce the company’s carbon footprint
Jun 8 '07
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Science
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www.panda.org
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water
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coca
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cola
2
These river basins (also know as watersheds) span more than 20 countries in North America, Europe, Africa and Asia and were chosen because of their biological distinctiveness, opportunity for meaningful conservation gains, and potential to advance issues of resource protection
Jun 8 '07
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Science
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www.panda.org
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water
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coca
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cola
1
2
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