August 21, 1993 |
Corporate Britain escalated its invasion of American brand names Friday as the candy and soft drink conglomerate Cadbury Schweppes said it will increase its stake in Dr Pepper and Seven-Up. Through its $231.3-million purchase of 12.18 million shares in Dr Pepper/Seven-Up Cos., Cadbury Schweppes is hoping for a partnership better able to compete with the industry's giants, Coca-Cola Co. and Pepsico Inc. The purchase, from Prudential Insurance Co.
September 1, 1989 |
Procter & Gamble Co. has agreed to sell its Crush International beverage operations to Cadbury Schweppes PLC, the British candy and beverage giant, for $220 million in cash, the companies announced Thursday. Procter & Gamble, a Cincinnati-based consumer products company that operates worldwide, had been searching since May for a buyer for the soft drink line.
August 31, 1989 |
Cadbury Schweppes PLC, the British candy and beverage giant, said today that it agreed to buy Procter and Gamble Co.'s Crush International unit for $220 million. The cash acquisition would give Cadbury the Crush brands in North America, Europe, Latin America, the Middle East and Africa. That unit, which includes the Crush soft drinks and Hires root beer labels, had sales of $71 million for the first half of this year.
February 2, 1989 |
Beverage and candy maker Cadbury Schweppes PLC stepped in today to rescue another British firm, candy maker Bassett Food PLC, from a hostile takeover bid by a Swedish food company. Cadbury Schweppes said Bassett, known for its licorice and chewy candies, had accepted its $159-million friendly takeover bid. The deal was made a week after Bassett rejected a bid worth $110 million by Swedish consumer goods group Procordia AB.
April 28, 1988 |
British drinks and chocolates group Cadbury Schweppes PLC said Wednesday that any move by General Cinema Corp. to take it over would be unwelcome. London analysts meanwhile speculated the Chestnut Hill, Mass.-based theater operator might be trying to attract a buyer for Cadbury and thus increase the value of its own 17.7% stake in the British company.
April 27, 1988 |
General Cinema Corp., the U.S. theater operator that last year took a large stake in Cadbury Schweppes PLC, said Tuesday that it may seek control of the leading British candy and beverage company. General Cinema said in a filing with the Securities and Exchange Commission that it may act alone or with partners and might acquire the controlling interest through open market purchases, a tender offer for Cadbury shares or in other, unspecified ways. Analysts said Cadbury, whose U.S.
November 11, 1987 |
General Cinema, a leading theater operator and soft-drink bottler, has more than doubled its stake to 18.2% in British candy and beverage maker Cadbury Schweppes PLC, General Cinema said Tuesday. Cadbury Schweppes, one of Britain's leading companies, told General Cinema last January--when General Cinema announced that it had acquired an initial 8.3% share stake in the company--that any further stock purchases would be unwelcome.
January 30, 1987
Cadbury Schweppes PLC, nervous about General Cinema's recent purchase of 8.3% of Cadbury, warned that any additional purchases "would not be welcome." General Cinema, based in Chestnut Hill, Mass., is a soft-drink bottler, theater operator and major stockholder of Los Angeles-based retailer Carter Hawley Hale.
January 25, 1987 |
The curling wave of brass and steel rose high above a pool of rocks where water splashed from three small fountains. Bronze sea gulls followed the arc of this sculpture called "Spindrift," the dramatic centerpiece of a two-level atrium on the cruise ship Royal Princess. This is a spacious circle of plush chairs, lacy Ficus trees and live piano music. It also is a splendid place for netting some of the flotsam and jetsam of shipboard conversations that drift by during days at sea.