Federal regulators are investigating whether two of the firm’s former top executives secretly tried to make the company a takeover target and the unusual trading in its stock that may have been linked to such maneuvers, according to a newspaper report Friday. The Securities and Exchange Commission’s inquiry is in the preliminary stages, The New York Times said.
The world’s largest beverage maker is betting big that Glaceau will help it expand its water and energy drink offerings. Coca-Cola Co. (KO) said it would buy the privately held maker of Vitaminwater for $4.1 billion in cash. And Coca-Cola executives said the pricetag, which is nearly twice what Glaceau’s estimated value was less than a year ago and represents Coke’s largest acquisition ever, is worth it.