Coca-Cola Consolidated Repurchases Its Shares Held by The Coca-Cola Company in $2.4 Billion Deal

Paul, Weiss advised Coca-Cola Consolidated, the largest bottler of Coca-Cola products in the U.S., on its repurchase of all outstanding shares of its common stock owned by The Coca-Cola Company. Under the agreement, Coca-Cola Consolidated repurchased 18.8 million shares from The Coca-Cola Company for $127 per share, representing an aggregate purchase price of approximately $2.4 billion.

The Paul, Weiss team was led by corporate partners Brian Janson and Jeffrey Marell, and counsel David Sobel, and included tax partner Sohail Itani.