Good evening,

The tearaway market is causing all sorts of winners and losers – and has created a bit of a headache for Coca-Cola Amatil's European suitor.

Coca-Cola European Partners has a board-endorsed bid, a tight agreement with CCA's 30 per cent shareholder and key stakeholder The Coca-Cola Company, and there's not a competing offer in sight.

But, with the market up 8.8 per cent in 11 days, it's copping heat from some newfound CCA fans. We take a look at the situation, and reveal who will act as arbiter.

Elsewhere, there's some big news at Sydney Airport with a deep-pocketed and rarely sleepy investor sitting on a toehold stake.

Canada's Brookfield bought into Sydney Airport when the shares tanked this year, and was uncovered by the company when it raised equity in August. It's definitely one to watch.

Happy reading,
Sarah Thompson, Anthony Macdonald and Tim Boyd
Street Talk Editors