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Coca-Cola plans to buy Glaceau

NEW YORK: Coca-Cola plans to acquire U.S. energy drink firm Glaceau, in which Tata Tea has 30 per cent stake, in a deal that could be worth over $3 billion, US media reports said on Wednesday. The reports sent shares of Tata Tea, which had bought the 30 per cent stake for $677 million in August last, soaring by close to 15 per cent on the Indian bourses.

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