Today in Georgia History
Today in Georgia History: Coca-Cola Is Sold
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The Atlanta Constitution announced that the Candler family had sold their controlling interests in The Coca-Cola Co. to Trust Company Bank of Georgia, according to the Georgia Historical Society and Georgia Info, The University of Georgia. The Trust Company planned to reincorporate Coca-Cola Co. in Delaware but would keep Cocaa-Cola's headquarters in Atlanta. The sale was not completed until Sept. 12, 1919, and involved a group of investors led by Trust Company president Ernest Woodruff who purchased Coca-Cola for $25 million, according to Georgia Info, The University of Georgia. Keep up with all the news you care about by subscribing to our free email newsletter, liking us on Facebook and following us on Twitter.
