On Monday, Shares of The Coca-Cola Co (NYSE:KO), remain flat and closed at $41.73 in the last trading session. The last trading range of the stock ranges between $41.60 and $41.99. The company’s Market capitalization is $180.19 Billion with the total Outstanding Shares of 4.32 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $40.75 and reached to max level of $47.13. The Coca-Cola Company recently declared its intention to acquire Anheuser-Busch InBev’s (ABI) stake in Coca-Cola Beverages Africa (CCBA) following the closing of the ABI combination with SABMiller.
The company has chosen to exercise its right to acquire ABI’s stake in CCBA because it intends to implement its long-term planned plan in these markets with other partners. While the company respects ABI’s capabilities, it has a number of existing partners who are highly qualified and interested in these bottling territories.
During the next few months the company will negotiate the terms of the transaction with ABI according to the contractual parameters, which will later be followed by a regulatory approval process. The Coca-Cola Company also will continue negotiations with potential partners, and plans to refranchise CCBA as soon as practical following regulatory approval. The company’s intent is to account for the attained stake as a suspended operation for reporting purposes.
General Motors Company (NYSE:GM), dropped -0.59% and closed at $32.15 in the last trading session. The last trading range of the stock ranges between $32.12 and $32.60. The company’s Market capitalization is $49.92 Billion with the total Outstanding Shares of 1.56 Billion. During the 52-week trading session the minimum price at which share price traded, registered at $26.69 and reached to max level of $36.88. Ford Motor Co’s (F.N) luxury unit Lincoln is studying whether to produce cars locally in China, the brand’s China chief said on Monday, as its sales surge in the world’s leading auto market.
Lincoln nearly tripled its China sales in the third quarter to 8,546 vehicles, the company said on Monday.
Despite rapid growth, Lincoln sales distantly trail those of more established German competitors in addition to American rival GM’s (GM.N) Cadillac, all of which produce cars locally to avoid hefty taxes on imported vehicles.
Lincoln is accelerating its entry into China with plans to have 65 Lincoln stores by the end of 2016, instead of previous plans of 60, with 80 planned for year-end 2017, Lincoln China President Amy Marentic told Reuters.
Marentic said the company will also open five to 10 smaller sales branches to tap into fast-growing auto sales in lower-tier Chinese cities.SOURCE FORBES