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. Last Updated: 07/27/2016

Cadbury Purchase Off

NEW YORK -- Coca-Cola Co., the world's largest soft-drink maker, said Wednesday it has ended talks with Cadbury Schweppes to buy the group's Canadian and Mexican brands because of regulatory difficulties.

In a joint statement, the companies noted that regulators in both countries had expressed competition concerns.

"We've said we're committed to playing by the house rules wherever we do business," said Doug Daft, Coca-Cola's chief executive. "The authorities in both countries have made their concerns clear and we are simply respecting those concerns."

Further details were not released. Company officials were not immediately available.

In September 1999, Coca-Cola announced a $700 million deal to buy Cadbury Schweppes brands including Schweppes and Dr Pepper in 155 countries. It then noted that deals in Canada and Mexico, along with Australia, were still in regulatory review.