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Coca-Cola Co (KO.N)

KO.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

The Coca-Cola Company Names New Chief People Officer
Friday, 15 Feb 2019 

Feb 15 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY NAMES NEW CHIEF PEOPLE OFFICER.COCA-COLA CO - LISA CHANG HAS BEEN NAMED CHIEF PEOPLE OFFICER.COCA-COLA CO - CHANG WILL JOIN COMPANY MARCH 1..COCA-COLA CO - LISA CHANG REPLACES JENNIFER MANN.  Full Article

Soros Fund Management Dissolves Share Stake In Coca-Cola and Procter And Gamble
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Soros Fund Management::SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN COCA-COLA CO.SOROS FUND MANAGEMENT DISSOLVES SHARE STAKE IN PROCTER AND GAMBLE CO - SEC FILING.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 125,000 SHARES IN COLGATE-PALMOLIVE CO.SOROS FUND MANAGEMENT UPS SHARE STAKE IN HERSHEY CO BY 29.4 PERCENT TO 220,000 SHARES.SOROS FUND MANAGEMENT TAKES SHARE STAKE OF 590,000 SHARES IN PHILIP MORRIS INTERNATIONAL INC.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN CITIGROUP INC BY 21.2 PERCENT TO 182,867 SHARES.SOROS FUND MANAGEMENT MORE THAN DOUBLES SHARE STAKE IN MONDELEZ TO 1.3 MILLION CLASS A SHARES FROM 541,700 CLASS A SHARES.SOROS FUND MANAGEMENT CUTS SHARE STAKE IN WELLS FARGO & CO BY 22.2 PERCENT TO 285,630 SHARES.SOROS FUND MANAGEMENT - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH THE PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

James Quincey To Succeed Muhtar Kent As Chairman Of The Coca-Cola Company
Thursday, 6 Dec 2018 

Dec 6 (Reuters) - Coca-Cola Co ::JAMES QUINCEY TO SUCCEED MUHTAR KENT AS CHAIRMAN OF THE COCA-COLA COMPANY.SAM NUNN TO STEP DOWN AFTER 22 YEARS AS A DIRECTOR.BOARD ELECTS MARIA ELENA LAGOMASINO AS LEAD INDEPENDENT DIRECTOR TO SUCCEED NUNN.QUINCEY WILL BECOME CHAIRMAN FOLLOWING COMPANY'S ANNUAL MEETING IN APRIL 2019.KENT WILL REMAIN AS CO'S CHAIRMAN THROUGH 2019 ANNUAL MEETING.JAMES QUINCEY, WHO CURRENTLY SERVES AS COCA-COLA PRESIDENT AND CEO, IS EXPECTED TO BECOME CHAIRMAN AND CEO IN APRIL 2019.  Full Article

Nike, Inc. Names Craig A. Williams President Of Jordan Brand
Tuesday, 13 Nov 2018 

Nike Inc ::NIKE, INC. NAMES CRAIG A. WILLIAMS PRESIDENT OF JORDAN BRAND.NIKE INC - LARRY MILLER MOVES INTO NEW ROLE AS CHAIRMAN, JORDAN BRAND ADVISORY BOARD.NIKE INC - WILLIAMS JOINS JORDAN BRAND FROM COCA-COLA CO.NIKE INC - EFFECTIVE JAN. 14, 2019, CRAIG A. WILLIAMS WILL BECOME PRESIDENT OF JORDAN BRAND.  Full Article

Whitbread To Sell Costa To Coca-Cola For 3.9 Bln Stg
Friday, 31 Aug 2018 

Aug 31 (Reuters) - Whitbread PLC ::PROPOSED SALE OF COSTA TO THE COCA-COLA COMPANY.SALE OF COSTA FOR AN ENTERPRISE VALUE OF £3.9 BILLION.SALE OF COSTA FOR AN ENTERPRISE VALUE OF £3.9 BILLION, REPRESENTING A MULTIPLE OF 16.4X COSTA FY18 EBITDA.RECOGNISES STRATEGIC VALUE OF COSTA'S BRAND STRENGTH, MULTI-CHANNEL PRESENCE AND INTERNATIONAL GROWTH POTENTIAL.TRANSACTION UNANIMOUSLY AGREED BY WHITBREAD BOARD TO BE IN BEST INTERESTS OF SHAREHOLDERS.NET CASH PROCEEDS EXPECTED TO BE APPROXIMATELY £3.8 BILLION AT COMPLETION, AFTER ADJUSTING FOR ESTIMATED TRANSACTION COSTS AND SEPARATION COSTS.WHITBREAD WILL ALSO REDUCE FINANCIAL INDEBTEDNESS.WHITBREAD WILL ALSO REDUCE FINANCIAL INDEBTEDNESS AND MAKE A CONTRIBUTION TO PENSION FUND.WILL BOTH PROVIDE HEADROOM FOR FURTHER EXPANSION OF PREMIER INN IN UK AND GERMANY.TRANSACTION IS CONDITIONAL UPON AGREEMENT BY WHITBREAD'S SHAREHOLDERS AND VARIOUS OTHER APPROVALS.SIGNIFICANT MAJORITY OF NET CASH PROCEEDS FROM DEAL INTENDED TO BE RETURNED TO SHAREHOLDERS.AS PART OF DEAL, DOMINIC PAUL WILL REMAIN AS COSTA MANAGING DIRECTOR AND WILL NO LONGER BE A MEMBER OF WHITBREAD EXECUTIVE COMMITTEE.EXPECTS TO REACH AGREEMENT WITH OTHER STAKEHOLDERS, SUCH AS PENSIONS TRUSTEES, IN RELATION TO EXTENT OF CONTRIBUTIONS TO PENSION DEFICIT.WHITBREAD AND COCA-COLA HAVE ALSO ENTERED INTO A TRANSITIONAL SERVICES AGREEMENT.WHITBREAD HAS AGREED TO PROVIDE VARIOUS SERVICES INCLUDING IT, PROCUREMENT AND HR SERVICES TO COCA-COLA FOR 12-24 MONTHS.  Full Article

Coca-Cola FEMSA Acquires Bottler In Uruguay
Thursday, 28 Jun 2018 

June 28 (Reuters) - Coca-Cola Co ::COCA-COLA FEMSA ACQUIRES BOTTLER IN URUGUAY.COCA-COLA FEMSA SAB DE CV - ACQUIRES MONTEVIDEO REFRESCOS S.R.L. FROM COCA-COLA FOR ENTERPRISE VALUE OF $250.7 MILLION ON A CASH FREE AND DEBT FREE BASIS.COCA-COLA FEMSA SAB DE CV SAYS ACQUIRES MONTEVIDEO REFRESCOS S.R.L. FROM COCA-COLA IN AN ALL CASH TRANSACTION - SEC FILING.  Full Article

Coca-Cola Co updates currency outlook and reaffirms guidance
Wednesday, 13 Jun 2018 

June 13 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY UPDATES CURRENCY OUTLOOK AND REAFFIRMS GUIDANCE, INCLUDING EPS GROWTH TARGET (NON-GAAP), IN ADVANCE OF DEUTSCHE BANK GLOBAL CONSUMER CONFERENCE.COMPANY NOW EXPECTS CURRENCY HEADWIND TO Q2 COMPARABLE NET REVENUES (NON-GAAP) TO BE IN RANGE OF 0% TO 1%.EXPECTS FULL YEAR 2018 CURRENCY HEADWIND TO COMPARABLE NET REVENUES (NON-GAAP) TO BE IN RANGE OF 0% TO 1%.COMPANY REAFFIRMED ITS REMAINING, PREVIOUSLY ANNOUNCED FULL YEAR 2018 EXPECTATIONS.EXPECTS THE CURRENCY HEADWIND ON SECOND QUARTER COMPARABLE OPERATING INCOME (NON-GAAP) TO BE APPROXIMATELY 2%.EXPECTS THE FULL YEAR 2018 CURRENCY HEADWIND ON COMPARABLE OPERATING INCOME (NON-GAAP) TO BE IN THE RANGE OF 2% TO 3%.NOT ABLE TO RECONCILE FULL YEAR 2018 PROJECTED ORGANIC REVENUES (NON-GAAP) TO FULL YEAR 2018 PROJECTED REPORTED NET REVENUES.  Full Article

Coca-Cola Co Announces Letter Of Intent For Refranchising Of Canadian Bottling Operations
Friday, 9 Mar 2018 

March 9 (Reuters) - Coca-Cola Co ::THE COCA-COLA COMPANY ANNOUNCES LETTER OF INTENT FOR REFRANCHISING OF CANADIAN BOTTLING OPERATIONS.COCA-COLA CO - LARRY TANENBAUM AND JUNIOR BRIDGEMAN TO FORM CANADIAN JOINT VENTURE TO ACQUIRE COCA-COLA REFRESHMENTS CANADA.COCA-COLA CO - FINAL NON-BINDING AGREEMENT WILL COMPLETE REFRANCHISING OF COMPANY-OWNED BOTTLING OPERATIONS IN NORTH AMERICA.COCA-COLA CO - FINANCIAL TERMS WERE NOT DISCLOSED..COCA-COLA CO - LARRY TANENBAUM O.C. & JUNIOR BRIDGEMAN HAVE SIGNED NON-BINDING LOI TO BUY CANADIAN BOTTLING & DISTRIBUTION BUSINESS.  Full Article

Coca-Cola Says Expect Comparable EPS Growth In 8 To 10 pct Range For FY 2018- Conf. Call
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Coca-Cola Co ::NONALCOHOLIC BEVERAGE INDUSTRY WAS LITTLE SOFT DURING 2017 AS EMERGING, DEVELOPING MARKETS SLOWED SLIGHTLY FROM LAST YEAR- CONF. CALL.EXPECT TO GROW COMPARABLE EPS IN RANGE OF 8 PERCENT TO 10 PERCENT IN FY 2018.INTEND TO USE APPROXIMATELY $7 BILLION OF CASH HELD OVERSEAS TO REPAY GROSS DEBT.EXPECT ORGANIC REVENUE TO GROW AT 4 PERCENT IN FY 2018.EXPECT 8-9 PERCENT UNDERLYING OPERATING INCOME GROWTH IN FY 2018.EXPECT COMMODITY PRICES TO RISE IN FY 2018.PENSION ACCOUNTING CHANGE WILL REQUIRE RESTATEMENT TO 2017 RESULTS, DO NOT EXPECT IT TO IMPACT 2018 GUIDANCE ON OPERATING INCOME.IN 2018, GROSS MARGINS WILL CONTINUE TO BE UNDER PRESSURE."DISSATISFIED" THAT CO WAS NOT ABLE TO TURN AROUND DIET COKE IN 2017.  Full Article

Coca-Cola Qtrly Loss Per Share From Continuing Operations $0.66
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Coca-Cola Co ::QTRLY LOSS PER SHARE FROM CONTINUING OPERATIONS $0.66.TOTAL UNIT CASE VOLUME WAS EVEN FOR THE QUARTER‍​.NET REVENUE DECLINED 20 PERCENT TO $7.5 BILLION FOR THE QUARTER.QTRLY COMPARABLE EARNINGS PER SHARE FROM CONTINUING OPERATIONS $0.39.Q4 EARNINGS PER SHARE VIEW $0.38, REVENUE VIEW $7.36 BILLION -- THOMSON REUTERS I/B/E/S.ORGANIC REVENUES (NON-GAAP) GREW 6% FOR QUARTER.IMPACT OF TAX CUTS AND JOBS ACT RESULTED IN A ONE-TIME NET CHARGE OF $3.6 BILLION DURING THE QUARTER ENDED DEC. 31, 2017‍​.SEES ABOUT 4% GROWTH IN ORGANIC REVENUE (NON-GAAP) IN 2018.PLANS TO REDUCE GROSS DEBT LEVEL BY ABOUT $7 BILLION WITH CASH HELD OVERSEAS.SEES 8-9% GROWTH IN COMPARABLE CURRENCY NEUTRAL OPERATING. INCOME (STRUCTURALLY ADJUSTED) IN 2018.QTRLY SPARKLING SOFT DRINKS UNIT CASE VOLUME FLAT.SEES 2018 COMPARABLE EARNINGS PER SHARE FROM CONTINUING OPERATIONS TO GROW 8% TO 10% VERSUS $1.91 IN 2017.FY2018 EARNINGS PER SHARE VIEW $2.01, REVENUE VIEW $30.97 BILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2018 CAPITAL EXPENDITURES (EXCLUDING DISCONTINUED OPERATIONS) OF ABOUT $1.9 BILLION.SEES 2018 NET SHARE REPURCHASES, NON-GAAP, APPROXIMATELY $1.0 BILLION‍​.  Full Article

UPDATE 1-Uber COO, marketing chief step down in leadership overhaul - memo

June 7 Uber Technologies Inc Chief Executive Officer Dara Khosrowshahi wants to take more control of operations and is overhauling the ride-hailing company's leadership to deal with brand challenges, according to an internal memo seen by Reuters.