Visions of investment-grade status sent Johnston Coca-Cola Bottling Group Inc.'s junk bonds up 10 to 12 points Friday after Coca-Cola Enterprises announced plans to acquire the company.

Doug Long, a vice president at Duff & Phelps/MCM said Johston's 11 1/2% notes due 2001 were bid up to 112 from 103 earlier in the day, while its 11 3/8% notes also due 2001 were soared to 111 from 103.

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