04:49 PM EST, 11/07/2025 (MT Newswires) -- Coca-Cola Consolidated ( COKE ) has purchased all of its shares owned by a subsidiary of The Coca-Cola Company ( KO ) for about $2.4 billion, the companies said late Friday.

The deal was for 18.8 million shares at $127 per share, they said, adding that The Coca-Cola Company ( KO ) has relinquished its seat on Coca-Cola Consolidated's ( COKE ) board.

After the deal, Coca-Cola Consolidated ( COKE ) cut its share repurchase program to $400 million from $1 billion, according to the release.