PRC Juice Company
For decades international investors have grown their businesses in China both organically and by mergers and acquisitions. In 2009, Coca-Cola and Huiyuan, China’s largest juice company, agreed to combine. If consummated, it would have been the largest foreign acquisition of a Chinese company in history. The Chinese regulatory authority blocked the deal as having an anti-competitive impact on the market. Executives at both Coca-Cola and Huiyuan, and many professional financial and strategic investors, were shocked.