Arca will pay $ 5.55 for each share of Tonicorp

Arca Continental, the second largest Coca-Cola bottler in Latin America, announced last Tuesday a Notice of Take-over, in order to carry out the purchase of the Tonicorp Holding, for which they will pay $ 5.55 per share, resulting in a operation for about $ 400 million.

With the takeover, the company will purchase a 87.37% of the shares of the controlling shareholders, while for the minority shareholders it will launch a Public Offer, that will be performed once the transaction is completed with the controlling shareholders.

The transaction was previously announced in August, without being revealed the amount, and is subjected to approvals by the corresponding authority.

Tonicorp Holding is an Ecuadorian company formed by Toni Dairy Industries, Plastics Ecuadorians, Dipor and Helandosa.