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Coca-Cola CEO Tells Investors Not To Expect Brisk Acquisition Pace To Continue In 2019

December 11, 2018: 12:00 AM EST
After initiating six acquisitions in 2018, including the $5.1 billion purchase of U.K. coffee chain Costa Coffee, Coca-Cola will tap the brakes in 2019, according to CEO James Quincey, who said the plan is to spend time absorbing what it bought. Shares of the company are up more than seven percent so far this year, standing relatively strong against broader market volatility, an indication that investors are happy with the aggressive growth plan. Coke now has a market value of $209.8 billion. And while the beverage industry has been eyeing cannabis-infused drinks as an avenue for growth, Quincey said Coca-Cola will hold off from including cannabidiol (CBD), a cannabis compound, in any of its products until it is "legal, safe and consumable."
Amelia Lucas , "Coca-Cola CEO: Deal Making in 2019 will likely slow down as company integrates recent acquisitions", CNBC.com , December 11, 2018, © CNBC
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