NEW YORK, Aug. 6, 2015 /PRNewswire/ -- Tripp Levy PLLC, a leading national securities and shareholder rights law firm, announces that it is investigating the sale of Coca-Cola Enterprises, Inc. (NYSE: CCE) ("CCE" or the "Company") on behalf of its shareholders. CCE, Coca-Cola Iberian Partners SA ("CCIP") and Coca-Cola Erfrischungsgetränke AG ("CCEAG"), a wholly owned subsidiary of The Coca-Cola Company, announced that they have agreed to combine their businesses into a new company to be called Coca-Cola European Partners Plc. CCE shareowners will receive, for each CCE share held, one share of Coca-Cola European Partners and a one-time cash payment of $14.50 per share, while owning 48% of the new company.
Our investigation has determined that the offer price of only one share of Coca-Cola European Partners and a one-time cash payment of $14.50 per share, unfairly under-values the true going forward inherent value of CCE and that shareholders are not receiving the maximum value for their shares. The investigation further seeks to determine whether the senior management of CCE as well as its parent company Coca-Cola are entering into this deal for their own self-interests to the detriment of the Company's shareholders.
If you are a shareholder of CCE and would like additional information as to how the acquisition may affect your rights as a shareholder, and how you may be eligible to obtain a higher price for your shares, please contact us at no cost at:
Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and, along with its affiliate, has recovered billions of dollars for shareholders in securities actions around the globe. Tripp Levy PLLC is affiliated with the law firm Milberg LLP. The National Law Journal has named Milberg one of the "50 Elite Trial Lawyer Firms" and one of the "50 Leading Plaintiff Firms in America." Attorney advertising. Prior results do not indicate a similar outcome.
SOURCE Tripp Levy PLLC