Bestfoods pursues Campbell Soup in $15 billion deal

Article Abstract:

Bestfoods in negotiating for the acquisition of Campbell Soup Co for over $15 billion. The move is seen as the only alternative to the unsolicited $18.8-billion takeover bid by Unilever. Bestfoods is reportedly negotiating with Chase Manhattan Bank NA and Citigroup for loans to finance the transaction. Its board will meet on Jun 5, 2000 to discuss the matter as well as the possibility of acquiring Pillsbury Co.

Food & Kindred Products, Food Manufacturing, Specialty Canning, Canned Soups ex Frozen, Seafood, Campbell Soup Co.

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Analysts: Don't expect AT&T bidding war

Article Abstract:

AT and T Corp. will probably not be seeing a bidding war for its troubled AT and T Broadband according to analysts. Comcast is probably its only taker.

Cable Television Systems, Cable Networks, Cable and other pay TV services, Brief Article, Cable television broadcasting industry, Cable television, Comcast Corp., CMCSA, Comcast Cable Holdings L.L.C.

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