Date:26/04/2007 URL: http://www.thehindu.com/2007/04/26/stories/2007042605491701.htm

Business - Briefly

Coca-Cola plans to buy Glaceau

NEW YORK: Coca-Cola plans to acquire U.S. energy drink firm Glaceau, in which Tata Tea has 30 per cent stake, in a deal that could be worth over $3 billion, US media reports said on Wednesday. The reports sent shares of Tata Tea, which had bought the 30 per cent stake for $677 million in August last, soaring by close to 15 per cent on the Indian bourses.