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Coke set to buy Glaceau for $4.2 bln: NYT

The directors of Coca-Cola Co.  have approved the purchase of vitamin water maker Glaceau for $4.2 billion in cash and Coke stock, the New York Times reported on its Web site on Friday, citing an executive involved in the talks.

The deal was scheduled to be announced on Friday, the paper said.

Glaceau is 30 percent owned by India's Tata Tea Ltd.  and is the No. 2 maker of enhanced water behind PepsiCo Inc.'s Propel.

Source : Reuters

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