A defiant message
April 16, 2009 | BY
clpstaff &clp articlesChina's rejection of Coca-Cola's bid for Huiyuan Juice on anti-monopoly grounds stirred debate on protectionism, and raised unwarranted concerns about future M&A activity in the country
By Stephen Mulrenan.
China's Ministry of Commerce (Mofcom) announced its much anticipated ruling on Coca-Cola's bid for the country's top juice maker Huiyuan in March. But the vitriolic response that followed caught it very much by surprise.