Buffett: 'No chance' Coke would go private

The billionaire investor dismissed speculation that the beverage giant could be taken private.

By MSN Money Partner Jun 17, 2014 2:40PM

Warren BuffettBy CNBC staff


Warren Buffett is categorically denying money manager David Winters' comments speculating that Coca-Cola (KO) could be taken private.


CNBC on MSN Money"Absolutely no chance of that," Buffett told CNBC on Tuesday.


Winters, CEO and founder of Wintergreen Advisers, has sent letters to Coca-Cola's shareholders, its board, and Buffett, criticizing the company's 2014 equity plan, which Winters said "will significantly erode the per-share value of Coca-Cola shares."


As of last month, Buffett's Berkshire Hathaway (BRK.A) owned 400 million shares of Coca-Cola, just over 9 percent of the shares outstanding.

Coke shares were up 0.5 percent Tuesday. The stock had been up more than 1 percent in premarket trading following Winters' comments in a Fox Business interview.


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6Comments
Jun 17, 2014 3:07PM
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Coke, Pepsi, Dr. Pepper... all the high acid high bad sugar soda drinks are losing market quickly. It may be that Buffett is correct... they won't go private, they'll go out of business. 
Desani is tap water in a bottle. What does that tell you about R&D at Coke? 
Jun 17, 2014 5:07PM
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Quit changing your recipes and lying about it. I did not know that High Fructose Corn Syrup was invented in the 1800's? "Reformulating" is the same as changing. You've changed your recipe at least 4 times, just in my lifetime.
Jun 17, 2014 3:52PM
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Coke is one of "Buffet's Babys"....I believe him...And they aren't going out of business either.


COKE RULES...!!

Jun 17, 2014 3:56PM
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obama hales benghazi's captor.  Does that mean it wasn't a video?  No one believes this crap anymore give it up!  As long as you play his game your in business.
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