Coca-Cola in Talks With TDR to Salvage Costa Coffee Sale: FT
A barista places a coffee on to a serving tray in a Costa Coffee shop in London, UK.
Photographer: Chris Ratcliffe/BloombergCoca-Cola Co. is holding last-ditch talks with TDR Capital this weekend as its proposed sale of Costa Coffee faces the risk of collapse, the Financial Times reported, citing people with knowledge of the matter.
Talks with Coca-Cola and its adviser Lazard have stumbled over the price, according to the newspaper. The beverage giant, which shortlisted the private equity firm as its preferred bidder earlier this week, will make a decision next week on whether to shelve the sale process entirely, the FT added.