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Coca-Cola Amatil's board make Coke pay up

Coca-Cola Amatil's board of directors deserve praise for not rolling over in the face of earlier low-ball bids from Coca-Cola's European Partners.

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Minority shareholders of Coca-Cola Amatil can be thankful their board of directors had the guts to push back against pressure from the Coca-Cola Company in the United States to sell the company cheaply.

The efforts of the board, led by Ilana Atlas, have ensured that minority shareholders will earn about $1.4 billion more than they would have under a previous low-ball offer.

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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p568je