-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Gg9sfkxcj6osI84FMUNopCp1iDJGcQjh2bTtDjw/y7WT3uy8SWVz4b7h08h5iafo yqn/TBwy+EvvSRjV5WoOSA== 0000804055-96-000017.txt : 19960605 0000804055-96-000017.hdr.sgml : 19960605 ACCESSION NUMBER: 0000804055-96-000017 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19960604 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19960604 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: COCA COLA ENTERPRISES INC CENTRAL INDEX KEY: 0000804055 STANDARD INDUSTRIAL CLASSIFICATION: BOTTLED & CANNED SOFT DRINKS CARBONATED WATERS [2086] IRS NUMBER: 580503352 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09300 FILM NUMBER: 96576443 BUSINESS ADDRESS: STREET 1: P O BOX 723040 CITY: ATLANTA STATE: GA ZIP: 30313 BUSINESS PHONE: 7709893000 MAIL ADDRESS: STREET 1: PO BOX 1778 CITY: ATLANTA STATE: GA ZIP: 30301 8-K 1 8-K TEXT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): June 4, 1996 COCA-COLA ENTERPRISES INC. (Exact name of registrant as specified in its charter) Delaware 01-09300 58-0503352 (State of (Commission File No.) (IRS Employer Incorporation) Identification No.) 2500 Windy Ridge Parkway, Atlanta, Georgia 30339 (Address of principal executive offices, including zip code) (770) 989-3000 (Registrant's telephone number, including area code) Page 1 of 6 pages Exhibit Index page 4 Item 5. Other Events ------------ On June 4, 1996, Coca-Cola Enterprises Inc. (the "Company") issued a press release announcing the signing of a letter of intent for the Company to acquire Cadbury Schweppes' 51 percent interest and The Coca-Cola Company's 49 percent interest in the business of Coca-Cola & Schweppes Beverages Limited in Great Britain. Item 7. Financial Statements and Exhibits ------ --------------------------------- (c) Exhibits. 99 Press Release of Coca-Cola Enterprises Inc. issued June 4, 1996 Page 2 of 6 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. COCA-COLA ENTERPRISES INC. (Registrant) E. LISTON BISHOP III Date: June 4, 1996 By:------------------------------------- E. Liston Bishop III Assistant Secretary Page 3 of 6 COCA-COLA ENTERPRISES INC. EXHIBIT INDEX Exhibit No. Page 99 Press release of Coca-Cola Enterprises Inc. 5 issued June 4, 1996 Page 4 of 6 EX-99 2 PRESS RELEASE EXHIBIT 99 COCA-COLA ENTERPRISES PRESS RELEASE - ------------------------------------------------------------------------------ CONTACT: Margaret Carton - Investor Relations (770) 989-3622 Laura Asman - Media Relations (770) 989-3023 FOR IMMEDIATE RELEASE COCA-COLA ENTERPRISES ANNOUNCES LETTERS OF INTENT TO ACQUIRE THE COCA-COLA AND CADBURY SCHWEPPES BOTTLING BUSINESS IN GREAT BRITAIN ATLANTA, June 4, 1996 -- Coca-Cola Enterprises Inc. today announced that the Company has signed letters of intent to acquire both Cadbury Schweppes' 51 percent interest and The Coca-Cola Company's 49 percent interest in the business of Coca-Cola & Schweppes Beverages Limited (British Bottler). The British Bottler produces products of The Coca-Cola Company and Cadbury Schweppes for distribution in England, Scotland, Wales, and the Isle of Man. Coca-Cola Enterprises is acquiring the British Bottler for a transaction value (purchase price and acquired debt net of other long-term obligations) of approximately 1.2 billion British pounds, or approximately $1.85 billion based on current exchange rates. Under Coca-Cola Enterprises' ownership, the British Bottler will have long-term contracts to continue to produce and distribute products of both Cadbury Schweppes and The Coca-Cola Company in the acquired territories. Coca-Cola Enterprises expects to finance the acquisition through the issuance of debt. The operations of the British Bottler will be additive to cashflow immediately. Strong operating performance by the British Bottler should minimize the Company's earnings per share dilution to less than 5 cents in the remainder of 1996 and less than 5 cents in full-year 1997. In 1998, operating performance combined with European synergies are expected to offset any potential earnings dilution. Including the dilution from the British Bottler acquisition and reflecting the current operating momentum of existing operations, the Company expects to generate comparable 1996 earnings per share growth of at least 35 percent. Summerfield K. Johnston, Jr., vice chairman and chief executive officer of Coca-Cola Enterprises, stated, "The acquisition of the British bottling operations will be another significant step towards our objective of increasing the Company's ownership in the high-growth, high-potential international market. We are confident that our recent acquisition activity will contribute to increasing long-term share-owner value." Mr. Johnston continued, "Since its inception in 1986, Coca-Cola Enterprises has been the world's largest bottler by virtue of its significant presence in The Coca-Cola Company's domestic system. Our proposed acquisitions in Great Britain, France, and Belgium, combined with our current operations in the Netherlands and the United States, create a global bottler with a vital role in the worldwide liquid nonalcoholic refreshment business." On a proforma basis, including the British Bottler and the pending French and Belgian acquisition, Coca-Cola Enterprises would have sold approximately 28 percent of its 1995 unit cases outside the United States. In 1995, the British Bottler generated net operating revenues of approximately $1.4 billion and case sales of 387 million unit cases. The British Bottler's unit case volume increased 11 percent in 1995 and reflected an average 1995 per capita consumption of 184 eight-ounce servings. The average 1995 per capita consumption in Coca-Cola Enterprises' United States territories was approximately 300 eight-ounce servings. Coca-Cola Enterprises expects to complete this acquisition during the third quarter of 1996. The proposed transaction is subject to negotiation of a definitive purchase agreement and requires approval by the Coca-Cola Enterprises Board of Directors and its Affiliated Transaction Committee and all required regulatory agencies. Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest bottler of products of The Coca-Cola Company, distributing approximately 57 percent of The Coca-Cola Company's United States bottle and can volume. Coca-Cola Enterprises is also the sole licensed bottler for products of The Coca-Cola Company in the Netherlands. # # # -----END PRIVACY-ENHANCED MESSAGE-----