Coca-Cola cool on Huiyuan takeover
Coca-Cola, the world's largest beverage maker, is said to abandon its bid for Chinese Huiyuan Juice Group, after a full $2.5 billion (£1.65 bn) takeover was blocked by Chinese regulators. The Atlanta-based US company was set to take a compromise minority shareholding, but sources now say that Coke wants complete control of the company or no involvement at all. Huiyuan Juice has a 44 percent share of China's pure juice market.