date:Dec 21, 2012
spending has been revised to a range of 4% to 4.5% of net sales, down from about 5%, driven primarily by a continued focus on prudent capital management and the impact of the French excise tax increase adding to net sales, the company said.
In addition, the Board of Directors has approved a new $1.5 billion share repurchase program, the third program since the 2010 completion of the transaction that created the new CCE. At least $500 million in repurchases are expected under this program in 20