Bravo! Foods International Corp. has signed a letter of intent to negotiate a master distribution agreement and a direct purchase stock agreement with Coca-Cola Enterprises (CCE).
The letter of intent with CCE confirmed both parties' intention to move forward with further negotiations for the execution of a master distribution agreement between Bravo! and Coca-Cola Enterprises, and for continued negotiations to enter into a stock purchase agreement, pursuant to which CCE would purchase from Bravo! approximately 81,030,000 shares of the company's common stock for $0.16245 per share.