Pernod says it may seek new buyer for Orangina

Article Abstract:

Pernod-Ricard SA, a manufacturer of non-alcoholic beverages headquartered in France, is considering plans to conduct negotiations with other interested parties in connection with the sale of its Orangina orange soft-drink brand. The firm, however, maintains that such negotiations are likely to take place only after the end of 1998, and only if Coca-Cola Co., a beverage firm based in the US, fails to come up with an attractive offer. The company, which is expected to post a 3% decline in net profit in its fiscal 1998, hopes to generate five billion French francs for the Orangina soft-drink line.

Comment:

Hopes to conduct negotiations w/ other interested parties for the sale of its Orangina orange soft-drink brand at end of 1998

Asset sales & divestitures, Soft Drink Manufacturing, Bottled Nondiet Orange Drinks, Pernod Ricard S.A., Orange drinks

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Kingfisher unit to merge with Castorama

Article Abstract:

B&Q is permitted by its parent firm, Kingfisher PLC, to consolidate its operations with France-based Castorama Dubois Investissements in a share-exchange deal that will establish the biggest home improvement chain in Europe. The to-be-formed company is set to have annual sales worth approximately 4 billion pounds sterling ($6.79 billion), along with combined operating profits worth 262 million pounds sterling and a 4.5 billion pounds sterling stock market. Industry analysts commend the combination as earnings-enhancing for both retailers.

Comment:

B&Q is permitted by its parent co, Kingfisher PLC, to consolidate its operations w/ this firm

United Kingdom, Acquisitions & mergers, Building Materials, Retail, Building Material and Supplies Dealers, B and Q PLC, Castorama Dubois Investissements

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