Today the world's largest soft drinks maker, The Coca-Cola Co. (NYSE:KO) announced its plans to buy China Huiyuan Juice Group for an estimated $2.4 billion. The deal is worth three times the market value of Huiyuan, with the Coke's bid of HK$12.20 a share compared to its closing price of HK$4.14 a share. Huiyuan is currently responsible for producing the leading 100% pure juice and nectar brands in all of China. The deal requires an approval from Chinese regulators.

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