UK: Cadbury Schweppes Statement re: Nabisco Holdings Corp.
By Company Press Release | 27 June 2000
Cadbury Schweppes plc had previously stated its interest in acquiring parts of the Nabisco business. Last week, the company submitted an indicative bid, in co-operation with Group Danone, for Nabisco Holdings Corp. Philip Morris has now acquired these businesses at a price that would not have met Cadbury Schweppes' criteria for creating value for its shareowners.Cadbury Schweppes is committed to growth and is prepared to structure deals creatively to achieve its goals. The company will continue to pursue any options that enable development of its business in core markets and related sectors.
just-drinks articles are only available to registered users and members.
Join now for increased access
There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.
If you’re already a member, login here.
Cadbury Schweppes plc had previously stated its interest in acquiring parts of the Nabisco business. Last week, the company submitted an indicative bid, in co-operation with Group Danone, for Nabisco Holdings Corp. Philip Morris has now acquired these businesses at a price that would not have met Cadbury Schweppes' criteria for creating value for its shareowners.Cadbury Schweppes is committed to growth and is prepared to structure deals creatively to achieve its goals. The company will continue to pursue any options that enable development of its business in core markets and related sectors.
- Unlimited access to all the latest global beverage news and insight
- Expert analysis that puts the news into context
- Exclusive interviews with leading industry figures
- Monthly management briefings with detailed analysis on hot topics
- Personalised RSS feeds and email newsletters
- 10-year archive of news, insight and intelligence
- Discounts on just-drinks market research
- Plus much more
If you’re already a member, login here
More articles related to this one
UK: New director appointed at Cadbury Schweppes
Cadbury Schweppes has appointed a new director to its board.
UK: Positive outlook from Cadbury Schweppes
Cadbury Schweppes has issued a positive trading statement.
FRANCE: Danone in share buyback
Danone has completed another share buyback transaction.
