COCA-COLA AND CADBURY SCHWEPPES END ACQUISITION TALKS
By Adnews Staff
The Coca-Cola Company and Cadbury Schweppes plc have terminated talks which would have resulted in Coca-Cola acquiring Cadbury Schweppes' beverage brands in Canada and Mexico. In a joint statement issued yesterday, the two companies mutually agreed to no longer pursue the acquisition citing competition concerns by regulatory authorities in both countries. In a separate statement, Doug Daft, chairman and CEO of Coca-Cola, said "We've said we're committed to playing by the house rules wherever we do business. The authorities in both countries have made their concerns clear and we are simply respecting those concerns."
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