Coca-Cola Buying Independent Bottling Company

NEW YORK (AP) -- Sacramento Coca-Cola Bottling Co., one of the largest Coca-Cola bottling companies in the U.S., said Wednesday that it will be acquired by Coca-Cola Co.

The Sacramento, Calif., company said it is the sixth-largest independent bottler of Coca-Cola in the U.S. and does business in northern California. Terms of the sale were not disclosed.

Shares of Coca-Cola rose $1.35, or 3.7 percent, to close at $37.60 amid a broad market rally.