Coca-Cola European Partners Posts Statement Regarding U.S. Federal Income Tax Consequences of the Merger to U.S. CCE Sharehol...
March 07 2017 - 4:01PM
Business Wire
Coca-Cola European Partners plc (CCEP) has posted on its website
a statement regarding the U.S. federal income tax consequences for
U.S. shareholders of Coca-Cola Enterprises, Inc. (CCE) upon its May
28, 2016 Merger with CCEP. Based on a review of the relevant facts
and circumstances, CCEP has determined that a U.S. shareholder of
CCE will recognize the full amount of gain, but not loss, realized
by such shareholder in the Merger in an amount equal to the excess,
if any, of (i) the sum of the fair market value of the CCEP Shares
and the amount of Cash Consideration received, over (ii) such
shareholder’s adjusted tax basis in the CCE Common Stock exchanged
therefor.
For more information, including frequently asked questions
regarding the calculation of a shareholder’s recognized gain,
shareholders are encouraged to access the “Statement Regarding U.S.
Federal Income Tax Consequences of the Merger to U.S. CCE
Shareholders” posted on the company’s website at www.ccep.com in
the Investor/Shareholder Information section.
ABOUT CCEP
Coca-Cola European Partners plc (CCEP) is a leading consumer
packaged goods company in Europe, producing, distributing and
marketing an extensive range of nonalcoholic ready-to-drink
beverages and is the world’s largest independent Coca-Cola bottler
based on revenue. Coca-Cola European Partners serves a consumer
population of over 300 million across Western Europe, including
Andorra, Belgium, continental France, Germany, Great Britain,
Iceland, Luxembourg, Monaco, the Netherlands, Norway, Portugal,
Spain, and Sweden. The company is listed on Euronext Amsterdam, the
New York Stock Exchange, Euronext London, and on the Spanish stock
exchanges, and trades under the symbol CCE. For more information
about CCEP, please visit www.ccep.com and follow CCEP on Twitter at
@CocaColaEP.
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version on businesswire.com: http://www.businesswire.com/news/home/20170307006405/en/
Coca-Cola European Partners plcInvestor RelationsThor Erickson,
+1-678-260-3110orMedia RelationsRos Hunt, +44-7528-251-022
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