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): August 1, 1997
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
<PAGE>
Item 5. Other Events
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On August 1, 1997, Coca-Cola Enterprises (the "Company")
announced that the Company intends to increase its offer
for the 52 percent of Coca-Cola Beverages Ltd. (Coke Canada)
held by the public to Canadian $22 per share (U.S. $15 7/8 per
share at the current exchange rates) from Canadian $19 1/2 per
share (U.S. $14 per share at the current exchange rates).
Item 7. Financial Statements and Exhibits
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(c) Exhibits.
99 Press Release of Coca-Cola Enterprises
issued August 1, 1997.
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)
S/ LOWRY F. KLINE
Date: August 1, 1997 By:--------------------------------
Lowry F. Kline
Senior Vice President and
General Counsel
Page 3 of 5 pages
<PAGE>
COCA-COLA ENTERPRISES INC.
EXHIBIT INDEX
Exhibit No. Page
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99 Press release issued August 1, 1997 5
Page 4 of 5 pages
EXHIBIT 99
COCA-COLA ENTERPRISES INC.
- -------------------------------------------------------------------------------
CONTACT:Laura Asman - Media Relations
(770) 989-3023
Margaret Carton - Investor Relations
(770) 989-3622
FOR IMMEDIATE RELEASE
- ---------------------
COCA-COLA ENTERPRISES INC. INCREASES
---------------------------------------
OFFER FOR PUBLIC SHARES OF COKE CANADA
--------------------------------------
ATLANTA, August 1, 1997 -- Coca-Cola Enterprises today announced that
the Company intends to increase its offer for the 52 percent of Coca-Cola
Beverages Ltd. (Coke Canada) held by the public to Canadian $22 per share
(United States $15 7/8 per share at current exchange rates) from Canadian
$19 1/2 per share (United States $14 per share at current exchange rates).
Coke Canada's Special Committee of the Board of Directors has reviewed the
revised offer and determined that the increased cash price is fair to public
share owners. The Board of Directors of Coke Canada has accepted this
determination. Subject to review and approval of the revised offer by the
Coca-Cola Enterprises Affiliated Transaction Committee, the Company expects to
mail the tender offer to Coke Canada share owners the week of August 11.
"We are pleased that this transaction is moving forward," stated
Summerfield K. Johnston, Jr., vice chairman and chief executive officer of
Coca-Cola Enterprises. "The revised offer reflects our optimism for the
Canadian market and the significant opportunities for Coca-Cola Enterprises
that exist in Canada."
As previously disclosed, Coca-Cola Enterprises is also acquiring The
Coca-Cola Company's 48 percent ownership in Coke Canada and its 49 percent
interest in The Coca-Cola Bottling Company of New York, Inc. (Coke New York).
Coca-Cola Enterprises will pay The Coca-Cola Company Canadian $17 per share
(approximately United States $12 3/8 per share based on current exchange
rates) for the 19.6 million shares The Coca-Cola Company holds in Coke Canada.
The Company expects to close the acquisition of The Coca-Cola Company's
interest in Coke Canada and Coke New York late next week.
Coca-Cola Enterprises Inc. (NYSE: CCE) is the world's largest marketer,
distributor, and producer of bottled and canned liquid nonalcoholic
refreshment. Coca-Cola Enterprises is the sole licensed bottler for products
of The Coca-Cola Company in Belgium, Great Britain, the Netherlands, and most
of France. The Company also distributes more than 58 percent of The Coca-Cola
Company's United States bottle and can volume. The Company also has a pending
transaction to acquire the Coca-Cola bottling operations in Luxembourg.
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