Warren Buffett Comments On Taking Coca-Cola Private
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.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.