Firms overspend on acquisitions

Article Abstract:

A survey by Coopers and Lybrand Corporate Finance has found that companies often feel they pay too much for acquisitions. Responses from 199 firms were analysed for the survey and more than 2,000 transactions were involved. Companies are especially concerned about problems which may surface after the transaction has been completed. There is also concern that cultures of the two companies may not be compatible. Overpayment ranks fourth of six possible problems, and should be given greater importance, the survey concludes.

Economic aspects, Finance, Acquisitions and mergers, Corporations, Corporate finance

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Cadbury Schweppes gulps down Dr Pepper

Article Abstract:

Cadbury Schweppes is bidding for Dr Pepper Seven Up, and could sell Seven Up to reduce the cost of the acquisition. If the bid is successful, some 60% of Cadbury's revenues will be accounted for by beverages. Cadbury is known in the UK for its chocolate confectionery products, but is not likely to make acquisitions in this market due to its concentrated nature. The chocolate industry is static in mainland Europe, while there is still fragmentation in the market for soft drinks excluding colas.

Nonalcoholic Beverages, Soft Drink and Ice Manufacturing, Non-alcoholic beverages, Dr Pepper Seven-Up Corp.

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Unilever may be eyeing Cadbury Schweppes

Article Abstract:

Unilever, an Anglo-Dutch consumer products company, may be considering bidding upwards of 7 billion pounds sterling for Cadbury Schweppes, a confectionery and beverages company. The company would only be interested in Cadbury's confectionery business and it migh divest the beverages division. It recently acquired Colman's of Norwich, including the Robinsons drink business which was sold to Britannia Soft Drinks.

Chocolate and Confectionery Manufacturing from Cacao Beans, Confectionery Products, Beverage Manufacturing, Candy, Beverages, Candy industry, Unilever United States Inc.

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