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): July 17, 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 5 pages
Exhibit Index page 4
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Item 5. Other Events
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On July 17, 1996, Coca-Cola Enterprises (the "Company")
issued a press release announcing the signing of a
a letter of intent for the Company to acquire
NORA BEVERAGES INC. for approximately Canadian $161 million,
or approximately U.S. $117 million based on current exchange
rates.
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99 Press Release of Coca-Cola Enterprises issued July 17, 1996.
Page 2 of 5 pages
<PAGE>
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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: July 17, 1996 By:______________________________
Lowry F. Kline
Senior Vice President and
General Counsel
Page 3 of 5 page
<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
----------- ----
99 On July 17, 1996, Coca-Cola Enterprises (the "Company") 5
issued a press release announcing the signing of a
a letter of intent for the Company to acquire
NORA BEVERAGES INC. for approximately
Canadian $161 million, or approximately
U.S. $117 million based on current exchange rates.
Page 4 of 5 pages
<PAGE>
EXHIBIT 99
CONTACT: Margaret Carton - Investor Relations
(770) 989-3622
Laura Asman - Media Relations
(770) 989-3023
FOR IMMEDIATE RELEASE
COCA-COLA ENTERPRISES INC. ANNOUNCES
LETTER OF INTENT TO ACQUIRE NORA BEVERAGES INC.
ATLANTA, July 17, 1996 -- Coca-Cola Enterprises Inc. today
announced that the Company has signed a letter of intent to acquire
NORA BEVERAGES INC. (NORA) with NORA's majority share owner.
NORA produces a high quality, pure Canadian spring water sold under
the trade name NAYA.
The transaction value (purchase price and acquired debt) for
the proposed acquisition is approximately Canadian $161 million, or
approximately $117 million based on current exchange rates. The
transaction value will be paid in cash and common stock at the
discretion of the seller.
The Company expects to complete this transaction in the third
quarter of 1996. The proposed acquisition is subject to negotiation of
a definitive purchase agreement, approval of the Coca-Cola
Enterprises Board of Directors, regulatory approval, and approval of
NORA's minority share owners.
NAYA is currently distributed in 30 countries around the world.
In 1995, NORA generated net operating revenues of $46 million on
sales of 14 million unit cases. Coca-Cola Enterprises is currently the
largest distributor of NAYA, handling over 49 percent of worldwide unit
cases sold. The NAYA transaction is expected to be immediately
additive to the Company's cashflow and is not expected to have any
material effect on 1996 earnings.
"We are pleased to have this opportunity to participate directly
in the high-growth still water business," stated Summerfield K.
Johnston, Jr., vice chairman and chief executive officer of Coca-Cola
Enterprises. "We are convinced that acquiring a quality trademark like
NAYA is the most effective way to expand our presence in this product
category. With our strong marketing and distribution system, we
believe that we can increase the sales, share, and profitability of
NAYA, and, in doing so, create significant value for our share owners,"
continued Mr. Johnston.
Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest
bottler of liquid nonalcoholic refreshment, distributing approximately
57 percent of The Coca-Cola Company's United States bottle and can
volume. Coca-Cola Enterprises is the sole licensed bottler for products
of The Coca-Cola Company in the Netherlands. The Company also
has pending transactions to acquire the bottling operations in Great
Britain, Belgium, and most of France.
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