Pershing Square Raises $5 Billion in Landmark U.S. IPO and Share Placement 
Standard Chartered Q1 Profit Hits Record on Wealth and Investment Banking Growth 
Robinhood Q1 Earnings Miss Expectations, Stock Drops After Hours 
Starbucks Raises 2026 Outlook as Turnaround Strategy Boosts Sales and Earnings 
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand 
Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance 
Coles Group Q3 Sales Rise Driven by Supermarkets and E-Commerce Growth 
Lightelligence IPO Soars Over 400% in Hong Kong Debut Amid Rising AI Investment Demand 
Apple Q2 2026 Earnings Surge as iPhone 17 Sales Drive Record Revenue 
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales 
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector 
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List 
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth 
Ford Q1 Earnings Beat Expectations, Stock Surges on Strong Guidance 
Seagate Stock Surges After Strong Q3 Earnings Beat and Bullish Outlook 
Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges 
UK-listed Coca-Cola European Partners (CCEP) has offered $6.6 billion to buy out Australia's Coca-Cola Amatil Ltd, a cut-price proposal which the latter backed due to uncertainty brought by the coronavirus.
The price is below Coca-Cola Amatil's market valuation in February, before the pandemic plunged the world into recession.
Shutdowns of restaurants and pubs since March have adversely affected Coca-Cola Amatil.
The support from the Australians reveals expectations that an economic recovery that could take years, bleaker than what some local economists have forecast.
Victoria, Australia's second-most-populous state, has just started allowing dine-in food retailers to open.
According to Coca-Cola Amatil Chief Executive Alison Watkins, there’s uncertainty over the next couple of years with the economic situation, and further health outbreaks could disrupt the business.
A spokesman for The Coca-Cola Co, which owns 31 percent of Coca-Cola Amatil and 19 percent of CCEP, said that the deal would be in the best interests of the Coca-Cola system overall and the shareowners of both companies.
CCEP, which would conduct due diligence before making a binding offer, said the deal ould almost double its consumer reach “through geographic diversification and scale.”
Australia’s Foreign Investment Review Board, authorized to block overseas deals deemed to be a security or supply chain risk, would need to approve the buyout.
