Lucent opts for Alcatel's $32B offer

Article Abstract:

Lucent Technologies and Alcatel's boards are likely to meet to approve a $32-billion all-stock takeover of Lucent that could be unveiled on May 30, 2001. The merger is expected to create the world's largest telecommunications-equipment vendor. While a merger is not assured, the companies seem ready to go for a deal that would pay Lucent investors little or no premium for their shares. The companies will tout teh firm's global reach and long-term boost possible from $4 billion a year in savings createdy by eliminating redundancies in its 230,000-plus workforce.

Other Communications Equipment Manufacturing, Communications Eqp ex Broadcast, Lucent Technologies Inc.

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FTC could try to block Pepsi-Quaker merger

Article Abstract:

PepsiCo In's $13.4-billion acquisition of Quaker Oats Co could be blocked by the Federal Trade Commission because of concerns that the agreement will hurt competition in the sports-drink market, according to people knowledgeable about the matter. Quaker produces Gatorade, which is the No 1 brand that accounts for 78% of the sports-drink market, while Pepsi's All Sport is the No 3 brand with 4.4% and Coca-Cola's Powerade is No 2 with 15%. As a condition for merger approval, Pepsi had promised to sell All Sport to Dad's root beer maker Monarch.

Nonalcoholic Beverages, Soft Drink and Ice Manufacturing, Non-alcoholic beverages

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Danone says no to Quaker

Article Abstract:

French food-and-drink conglomerate Danone has announced that it will end talks to acquire Quaker Oats Co, reasoning that the acquisition is not in the best interest of its shareholders. The announcement came after a 10.5% fall in Danone shares on Nov 22, 2000 when it confirmed its interst in the breakfast cereal manufacturer. Previously, Quaker rejected a $14.8 billion takeover bid by PepsiCo Inc.

France, Food & Kindred Products, Food Manufacturing, Cereal Preparations, Breakfast Cereal Manufacturing, Breakfast cereals

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