Buffett: 'No chance' Coke would go private
The billionaire investor dismissed speculation that the beverage giant could be taken private.
By CNBC staff
Warren Buffett is categorically denying money manager David Winters' comments speculating that Coca-Cola (KO) could be taken private.
"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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Coke is one of "Buffet's Babys"....I believe him...And they aren't going out of business either.
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