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.
More from CNBC
Coke is one of "Buffet's Babys"....I believe him...And they aren't going out of business either.
Copyright © 2014 Microsoft. All rights reserved.
Investors are anxious to see if hiring can maintain its strong pace in the second half of the year.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.