May 16, 2000 |
French food and water company Danone formally jumped into the bidding for Nabisco Group Holdings, saying it had entered preliminary discussions to buy the U.S. food maker. With the confirmation, the Paris-based company joined financier Carl Icahn and an estimated dozen other prospective bidders for the holding group, which owns 80% of operating company Nabisco Holdings Corp. Icahn, who has been trying to take control of the company sporadically since 1995, sweetened his latest bid to $6.
September 3, 1999
* A $246-million Coca-Cola Co. bid for Cadbury Schweppes soft drink brands in South Africa won regulatory approval from that country's Competition Board in a deal that gives Coke 95% of the South African carbonated soft drink market.
September 2, 1999 |
British beverage and candy giant Cadbury Schweppes and a partner have agreed to buy Dr Pepper Bottling Co. of Texas for $283 million. Cadbury plans to merge the bottler with its own bottling company to form the largest independent soft-drink bottler in the United States. Cadbury and a Washington investment firm, Carlyle Group, also agreed to assume about $408 million in debt. The two companies plan to merge the Texas bottler with their own American Bottling Co., based in Darien, Ill.
June 9, 1999 |
Australia's antitrust regulator said it opposes the deal between Coca-Cola Co. and Cadbury Schweppes, posing yet another stumbling block for the global ambitions of the two soft drink giants. The Australian Competition and Consumer Commission ruled that revised terms of the companies' planned asset swap and sale remain unacceptable, that they would reduce rather than increase competition in Australia's soft drink market.
June 3, 1999 |
Coca-Cola Co. won clearance from the British government for its $1.1-billion purchase of soft-drink brands from London-based Cadbury Schweppes. The deal won't be referred to the U.K. Competition Commission, Secretary of State for Trade and Industry Stephen Byers said. Such a move would have further delayed completion of the sale, which was announced in December.
May 25, 1999 |
Coca-Cola Co. on Monday bowed to European regulators and agreed to scale down its proposed purchase of drink brands from Britain's Cadbury Schweppes. The world's largest soft-drink maker will now pay $1.1 billion for Cadbury brands such as Dr Pepper, Crush, Canada Dry and Schweppes in about 100 nations, after dropping European markets including Germany, Italy and Spain from the deal. The price is 40% less than the $1.85 billion reached in December involving more than 120 nations outside the U.S.
April 16, 1999 |
Britain's Cadbury Schweppes, maker of chocolates and beverages, agreed to buy Procter & Gamble Co.'s Hawaiian Punch brand for $203 million as it focuses its soft-drink business on the U.S. market. Cadbury said it will borrow dollars to pay for the top U.S. fruit-punch brand, which had sales of $133.3 million in the year through June 1998. The acquisition will boost earnings next year, Cadbury said.
March 27, 1999 |
Mexico's monopolies watchdog has rejected Coca-Cola Co.'s planned purchase of Cadbury Schweppes' Mexican brands because of excessive domination of the local soft-drinks market, an official said. The Federal Competition Commission official, who asked not to be identified, said the $1.85-billion deal struck in December for Coke to buy all of Cadbury Schweppes' soft-drink brands outside the United States, South Africa and France would hand Coke a 77% market share, compared with its current 70%.
November 5, 1998 |
Remember the "Uncola" commercials of the 1970s that 7 Up used to cleverly differentiate its lemon-lime soft drink from cola clones Pepsi and Coke? That's the problem facing 7 Up, the soft drink brand that's now owned by England's Cadbury Schweppes. In an industry where youthful consumers dominate sales, too many of the soft drink's fans are old enough to remember the popular television ad campaign's lilting island cadence and actor Geoffrey Holder's enchanting voice-overs.