Nestle to offer $10.1 billion for Ralston Purina

Article Abstract:

Food giant Nestle is buying pet food maker Ralston Purina for $10.1 billion in cash. The acquisition would enable Nestle to surpass Mars as the US' biggest supplier of pet food. Nestle is paying $33.50 for every Ralston share, 36% higher than its closing price of $24.63 on Jan 12, 2001. The announcement of the deal led to a rise of 49 Swiss francs on Nestle shares, which closed at 3,442 francs. Nestle currently has an 18% share of the US' pet food business while Ralston commands another 27%.

Foreign operations, Switzerland, Pet Food, Animal Food Manufacturing, Nestle SA, Ralston Purina Co.

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Pets.com snarfs up assets of Petstore.co, buries rivals

Article Abstract:

Online pet store firm Pets.com has acquired the assets of its competitor Petstore.com for $10.7 million. The deal includes a list of over 100,000 Petstore.com customers, a marketing arrangement with Safeway and a fish- delivery business. Pets.com dominates its competitors and is ranked fourth among all e-tailers. Despite their low-margin businesses and similarity of operations, there are other pet store online firms which have filed to go public.

Pet Shops, Pet and Pet Supplies Stores, Petstore.com

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HIT Entertainment buys Barney

Article Abstract:

HIT Entertainment has acquired Lyrick for $275 million in cash and stock. HIT is the owner of children's characters Bob the Builder, Angelina Ballerina and Kipper.In addition to the purple dinosaur, HIT gets a distribution network in the US which is the leading market for children's TV and merchandise. Bob the Builder began airing in the US on Nickelodeon. Barney is seen on PBS in a deal that runs through 2007.

Motion Picture and Video Distribution, Television Distribution, Lyrick

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