Robbins Umeda LLP Announces an Investigation of the Acquisition of Coca-Cola Enterprises Inc. by The Coca-Cola Company
Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the officers and members of the Board of Directors of Coca-Cola Enterprises Inc. (“Coca-Cola Enterprises” or the “Company”) /quotes/comstock/13*!cce/quotes/nls/cce  (CCE  25.44, -0.04, -0.16%)  in connection with their decision to sell the Company’s North American operations to The Coca-Cola Company /quotes/comstock/13*!ko/quotes/nls/ko  (KO  53.09, -0.03, -0.06%) . If the transaction is approved under the terms of the agreement, Coca-Cola Enterprises’ shareholders will exchange each share for $10 in cash and a share of a new Coca-Cola Enterprises focused solely on Europe. The new company will retain the Company’s name. The Company’s North American operations accounted for over half of its operating income in 2009. The deal is expected to close in the fourth quarter of 2010.

Robbins Umeda LLP’s investigation concerns whether Coca-Cola Enterprises’ Board of Directors’ decision to enter into the sale of its North American assets to The Coca-Cola Company was the product of a good faith business decision and in the best interests of the Company and its shareholders.

If you are a shareholder of Coca-Cola Enterprises, and would like more information about your rights as a shareholder, please contact attorney Lauren Levi at 800-350-6003 or by e-mail at llevi@robbinsumeda.com.

Robbins Umeda LLP is a California-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions

Tags | american operations, breaches, business decision, coca cola, coca cola company, coca cola enterprises, coca cola enterprises inc, derivative actions, fiduciary duty, fourth quarter, operating income, securities fraud, shareholder class actions