Coca Cola Company (KO)

[lukematt]

China Blocks Coca-Cola’s $2.3 Billion Huiyuan Bid

During privatization in the Czech Republic, Coca-Cola announced a bottling and distribution deal for the country's second largest city, Brno, with a company named Fruta Modrice.

Of course, Fruta Modrice's share price skyrocketed.

After enough normal people got sucked into buying Fruta Modrice shares on the basis of this "good news", Coca-Cola announced that they were terminating the agreement because Fruta Modrice's bottling equipment wasn't up to standards. (Didn't Coca-Cola check the equipment **before** announcing the deal?)

The situation with China Huiyuan Juice Group's shares seems very similar.