Coke faces snags in possible $16B Quaker deal

Article Abstract:

Coca-Cola Co is planning to acquire Quaker Oats for more than $16 billion in stock. The deal would enable Coca-Cola to wrest Quaker's Gatorade sports-drink brand from rival predators. However, the deal is not yet a done deal. Wall Street analysts who are not exuberant about the impending deal have sent the softdrink giant's shares dropping approximately 18% to close at $56.56 on Nov 20, 2000. The purchase of Quaker would also mean taking on a large portfolio of slow-growth snacks and cereals businesses.

Soft Drink Manufacturing, Breakfast Cereal Manufacturing, Canned & Bottled Soft Drinks, Rolled Oats & Oatmeal, Quaker Oats Co., Oatmeal

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Royal Dutch targets Barrett for takeover

Article Abstract:

Royal Dutch-Shell Group of Cos is offering $1.8 billion in cash, or $55 per share for natural gas producer Barrett Resources Corp. Also, Shell would assume the $400-million debt of Denver, CO-based Barrett. Saying that it approached Barrett three times since Mar 1, 2001 but was rebuffed, Shell warned that it will mount a hostile takeover if its proposal continues to be disregarded. Barret board says it will consider Shell's bid and reply by Mar 9, 2001.

Crude Petroleum and Natural Gas Extraction, Natural Gas, Barrett Resources Corp.

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