China blocks Coke's bid for juice company

International Herald Tribune by David Barboza | Mar. 18, 2009 (News Report)

China said on Wednesday that it has rejected a bid by the Coca-Cola Company to acquire one of the country's biggest beverage makers for about $2.4 billion. The move blocked what would have been the biggest foreign takeover of a Chinese company and suggested Beijing is still uncomfortable with foreign ownership of big Chinese companies. Full Story »

Posted by Derek Hawkins

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Dwight Rousu
2.7
 by Dwight Rousu - Mar. 19, 2009

The story does not not Coke's less than stellar human rights history internationally, particularly in Colombia in particular. Chinese anti-competitive rationales are not investigated for validity. The nature of China's anti-trust laws is not described. The potential for political money to have influenced the decision is not investigated.

Should U.S. anti-trust laws be dividing up Coke?

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Dwight's Rating

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