From GlobeNewswire: 2024-05-20 08:00:00

Coca-Cola Consolidated, Inc. (NASDAQ: COKE) has announced a modified Dutch auction tender offer to purchase shares of its Common Stock for up to $2.0 billion. Stockholders can tender their shares at a price between $850 and $925 per share. The Company will determine the purchase price, where stockholders will receive cash for their shares. The Company plans to fund the offer using a combination of cash, borrowings, or proceeds from an offering. The tender offer is not conditioned upon a minimum number of shares and expires on June 18, 2024.

The Company advises stockholders to review the Offer to Purchase and related materials carefully before deciding whether to tender their shares. The tender offer is made only pursuant to these materials filed with the SEC and distributed to stockholders. Stockholders may obtain these documents from the SEC website or the information agent for the tender offer. Forward-looking statements caution that actual results may vary from projected results due to factors such as increased costs, changes in regulations, and advertising spending by beverage companies.



Read more at GlobeNewswire: Coca-Cola Consolidated Announces Commencement of Tender