JP Morgan: Coke (KO) Keep Your Cash
March 18, 2009 at 13:22 PM EDT
Coca-Cola’s (KO) attempt to expand its presence into the Chinese beverage market was shunted by the Chinese government on Wednesday. China said that allowing Coke to buy a large juice company, China Huiyuan Juice Group Ltd., for $2.4 billion would restrict competition. The fear being that Coke, already with more than 50% [...]