Cadbury weighs drink purchase from P&G

Article Abstract:

U.S.-based Procter and Gamble Co. has been in discussions with UK-based Cadbury Schweppes PLC to acquire P&G's Hawaiian Punch beverage operations. Industry analysts have said that other bidders, including PepsiCo Inc., are vying for the $150 million Hawaiian Punch drink business. Procter and Gamble officials are interested in selling the popular beverage brand in order to focus on businesses that demonstrate a higher potential for growth.

Asset sales & divestitures, Acquisitions & mergers, Soft Drink Manufacturing, Soap and Other Detergent Manufacturing, Bottled and canned soft drinks, Soap and other detergents, Soaps & Detergents, Fruit Drinks (Noncarbonated), Procter & Gamble Co., PG, Soap and cleaning agents industry, Cleaning agents industry, Soft drink industry, Cadbury Schweppes PLC, Fruit drinks

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Bestfoods auction expected to fetch up to $1.5 billion

Article Abstract:

Sara Lee Corp., as well as other firms, are expected to make offers to acquire Unilever's Bestfoods baking division. The auction is expected to raise almost $1.5 billion (1.6 billion euros).

Diversified Companies, Strategy & planning, Unilever Group, Sara Lee Corp., SLE, Bestfoods, BFO

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