Panamerican Beverages Inc

Coca-Cola Femsa will buy Panamerican Beverages Inc., Latin America's biggest soft-drink distributor, for $3.6 billion in cash, stock and assumed debt to create the world's No. 2 bottler of Coca-Cola, Fanta and Sprite. The Mexico City-based producer and bottler, owned 30% by Coca-Cola Co., will pay $22 a share to Panamco's Class A holders, more than double last week's closing price, and $38 a share to Class B shareholders.

Coca-Cola Femsa will buy Panamerican Beverages Inc., Latin America's biggest soft-drink distributor, for $3.6 billion in cash, stock and assumed debt to create the world's No. 2 bottler of Coca-Cola, Fanta and Sprite. The Mexico City-based producer and bottler, owned 30% by Coca-Cola Co., will pay $22 a share to Panamco's Class A holders, more than double last week's closing price, and $38 a share to Class B shareholders.