Coke to buy Cadbury brands amid profit alert

Article Abstract:

In an attempt to expand overseas, Coca-Cola will try to win regulatory approval to acquire about 30 Cadbury brands for $1.75 billion. The company's offer excludes the brands in France because it is still hoping to acquire Orangina in that country and doesn't want to jeopardize the deal. Cadbury's current sales represent only a 3% marketshare outside the U.S. Number Two Pepsi is expected to object to Number 1 and Number 3 merging. In addition to the purchase price, Coke would assume about $100 million in debt. Other countries not included in the deal are the U.S. and South Africa.

European Union, Bottled and canned soft drinks, Mergers, acquisitions and divestments, Coca-Cola Co. (Atlanta, Georgia), Abstract, Soft drink industry, KO, Cadbury Beverages Inc.

Judge denied bid by Ocean Spray to block Tropicana sale to Pepsi

Article Abstract:

Ocean Spray Cranberries Inc.'s motion for a preliminary injunction against PepsiCo Inc.'s planned $3.3 billion acquisition of Seagram Co.'s Tropicana has been rejected by a federal judge. Ocean Spray filed a suit against the acquisition on August 10, 1998. The company requested that a US District Court prevent Pepsi's sale or distribution of any single-serving juice that is in competition with Ocean Spray. Ocean Spray claimed that the deal violated its distribution agreement with Pepsi.

Comment:

Ocean Spray's motion to stop PepsiCo's planned purchase of Tropicana rejected by federal judge

Legal issues & crime, Canned Fruit Juices, Fruit and Vegetable Canning, Legal/Government Regulation, Canned Fruits & Vegetables, Canned juices, Canned foods, PepsiCo Inc., Seagram Company Ltd., Ocean Spray Cranberries Inc., Tropicana Products Inc.

Triarc executives propose to buy rest of company for $418 million

Article Abstract:

The chairman and CEO of Triarc Cos., Nelson Peltz, and president and chief operating officer Peter May, have made an offer to acquire the 74% of the firm that they do not already own. Both men have expressed their frustrations over Triarc's valuation. Mr. Peltz and Mr. May are offering to pay $418 million in cash and stocks for the share. They would also assume approximately $425 million in debt.

Comment:

Chmn and CEO Nelson Peltz and Pres Peter May make a $418 million bid to acquire 74% of co they do not already own

Beverages, Beverage Manufacturing, Company Personnel, Triarc Companies Inc.