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): May 28, 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)
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Exhibit Index page 4
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Item 5. Other Events
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On May 28, 1996, Coca-Cola Enterprises Inc. (the "Company")
issued a press release announcing the signing of a
letter of intent for the Company to acquire Coca-Cola Bottling
Company West, Inc. and a related company, Grand Forks Coca-Cola
Bottling Co.
Item 7. Financial Statements and Exhibits
------ ---------------------------------
(c) Exhibits.
99 Press Release of Coca-Cola Enterprises Inc. issued
May 28, 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)
E. LISTON BISHOP III
Date: May 28, 1996 By:------------------------------
E. Liston Bishop III
Assistant Secretary
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<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
99 Press release of Coca-Cola Enterprises Inc. 5
issued May 28, 1996
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<PAGE>
EXHIBIT 99
COCA-COLA ENTERPRISES INC. PRESS RELEASE
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CONTACT: Margaret Carton - Coca-Cola Enterprises Inc.
Director, Investor Relations
(770) 989-3622
Laura Asman - Coca-Cola Enterprises Inc.
Manager, Media Relations
(770) 989-3023
Bob Brown - Coca-Cola Bottling Company West, Inc.
Vice President Finance
(406) 238-4104
FOR IMMEDIATE RELEASE
LETTERS OF INTENT SIGNED FOR COCA-COLA ENTERPRISES
TO ACQUIRE COCA-COLA BOTTLING COMPANY WEST
ATLANTA, May 28, 1996 -- Coca-Cola Enterprises (the Company)
and Coca-Cola Bottling Company West, Inc. (Coke West) announced today
that Coca-Cola Enterprises has signed letters of intent to acquire Coke West
and a related company, Grand Forks Coca-Cola Bottling Co. (Grand Forks).
The acquisition is expected to be completed for a transaction value
(purchase price and acquired debt) of approximately $158 million.
Coca-Cola Enterprises will be acquiring the outstanding shares of Coke
West and Grand Forks, as well as the convertible debt and warrants held by
The Coca-Cola Company. Coca-Cola Enterprises anticipates financing the
transaction through the issuance of debt. Headquartered in Billings,
Montana, with locations in parts of Montana, Wyoming, North Dakota, South
Dakota, and Minnesota, Coke West and Grand Forks generated proforma
1995 net operating revenues of approximately $112 million and case sales of
23 million unit cases.
Summerfield K. Johnston, Jr., vice chairman and chief executive
officer of Coca-Cola Enterprises, stated, "We will continue to be interested
in making domestic acquisitions like the Coke West transaction that build
value for our share owners."
The proposed transaction is subject to negotiation of a definitive
purchase agreement and expiration of the Hart-Scott-Rodino Antitrust review
period. The proposed acquisition also requires approval by the Coca-Cola
Enterprises Affiliated Transaction Committee of the Board of Directors and
all appropriate Boards of Directors. The companies expect to close the
transaction before the end of the third quarter of 1996.
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. As previously announced,
Coca-Cola Enterprises recently signed a letter of intent to acquire The
Coca-Cola Company's bottling operations in France and Belgium.
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