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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): April 11, 1996
COCA-COLA ENTERPRISES INC.
(Exact name of registrant as specified in its charter)
Delaware 01-09300 58-0503352
(State of (Commission File No.) (IRS Employer
Incorporation) Identification No.)
2500 Windy Ridge Parkway, Atlanta, Georgia 30339
(Address of principal executive offices, including zip code)
(770) 989-3000
(Registrant's telephone number, including area code)
Page 1 of 6 pages
Exhibit Index page 4
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Item 5. Other Events
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On April 11, 1996 Coca-Cola Enterprises Inc. (the "Company")
issued a press release announcing the Company's Board of
Directors approved the repurchase of up to 10 million shares of
Company Common Stock.
Item 7. Financial Statements and Exhibits
- ------ ---------------------------------
(c) Exhibits.
28 Press Release of Coca-Cola Enterprises Inc. issued
April 11, 1996
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COCA-COLA ENTERPRISES INC.
(Registrant)
LOWRY F. KLINE
Date: April 15, 1996 By:____________________________________
Lowry F. Kline
Senior Vice President and General Counsel
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COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
28 Press release of Coca-Cola Enterprises Inc. 5
issued April 11, 1996
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COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
28 Press Release of Coca-Cola Enterprises Inc. 5
issued July 27, 1995
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CONTACT: Laura Asman - Media Relations
(770) 989-3023
Margaret Carton - Investor Relations
(770) 989-3622
FOR IMMEDIATE RELEASE
COCA-COLA ENTERPRISES INC. ANNOUNCES NEW 10 MILLION
SHARE COMMON STOCK REPURCHASE PROGRAM
ATLANTA, April 11, 1996 -- Coca-Cola Enterprises today
announced that the Company's Board of Directors approved the
repurchase of up to 10 million shares of Coca-Cola Enterprises
common stock. The 10 million share program represents
approximately 8 percent of the 123 million common shares
currently outstanding. Coca-Cola Enterprises will repurchase
shares in open market and in privately negotiated transactions
based on prevailing market conditions. Repurchased shares will
be available for general corporate purposes, including financing
acquisitions and funding various employee benefits and
compensations plans. Coca-Cola Enterprises recently completed a
similar 10 million share repurchase program authorized in August
of 1994.
"Our primary corporate objective is to increase share-owner
value," stated Summerfield K. Johnston, Jr., vice chairman and
chief executive officer of Coca-Cola Enterprises. "We believe
our strategic investment in share repurchase provides a
significant opportunity to generate value for our share owners.
Our continued commitment to share repurchase reflects our
confidence that we will meet or exceed our 1996 performance
targets and our belief that our stock is undervalued," continued
Mr. Johnston.
Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's
largest bottler of products of The Coca-Cola Company,
distributing approximately 57 percent of The Coca-Cola Company's
United States bottle and can volume. Coca-Cola Enterprises is
also the sole licensed bottler for products of The Coca-Cola
Company in the Netherlands.
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