Warren Buffett: 'No chance' of taking Coke private

CNBC
Warren Buffett: 'No chance' of taking Coke private
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Warren Buffett is categorically denying money manager David Winters' comments speculating that Coca-Cola (KO) could be taken private.

"Absolutely no chance of that," Buffett told CNBC on Tuesday.

Winters, CEO and founder of Wintergreen Advisers, has sent letters to Coca-Cola's shareholders, its board, and Buffett, criticizing the company's 2014 equity plan, which Winters said "will significantly erode the per-share value of Coca-Cola shares."

As of last month, Buffett's Berkshire Hathaway (BRK-A) owned 400 million shares of Coca-Cola, just over 9 percent of the shares outstanding.

Read More Buffett defends Coke vote, wants secret CEO salaries

Coke shares rose 0.3 percent in early trading. The stock had been up more than 1 percent in premarket trading following Winters' comments in a Fox Business interview.

(What are Coke shares doing now? Click here (KO))

-By CNBC

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