Warren Buffet says 'no chance' that he'll take Coca-Cola private; comment in response to investor's concerns that Buffet may take company private
June 18, 2014
(Benzinga Lightning Feed)
– Warren Buffett told CNBC that there is "no chance" that he will be taking Coca-Cola (NYSE: KO) private.
Buffett's response comes just minutes after activist investor David Winters told Fox Business News that he thinks Buffett may take the company private.
Shares spiked more than five percent higher after Winters said Buffett may take the company private. The anticlimactic response from the oracle of Omaha has pushed shares near the level of Monday's close.
Coca-Cola was last up 0.32 percent to $40.79.
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