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BUSINESS
March 28, 1997 | JAMES F. PELTZ, TIMES STAFF WRITER
Closing one of the worst flops in corporate-merger history, Quaker Oats Co. agreed Thursday to sell Snapple Beverage Corp. to Triarc Cos. for $300 million, only 27 months after Quaker spent $1.7 billion to buy the maker of trendy drinks. The Quaker-Snapple fiasco joins such ill-fated business marriages as AT&T Corp. and computer maker NCR and General Electric Co. and defunct brokerage house Kidder, Peabody & Co.
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BUSINESS
July 5, 2007 | From Reuters
Coca-Cola Co. is evaluating whether to make a bid for Snapple, the bottled tea maker that is owned by Cadbury Schweppes, as part of Coke's push into tea-based drinks, Coke Chief Executive E. Neville Isdell told Reuters. "That is a valuation that we undertake, whether it is of interest to us or whether we can do it on our own," he said in an interview Wednesday. London-based Cadbury, the world's largest confectionary company, is getting ready to separate its U.S.
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BUSINESS
September 25, 1992 | DENISE GELLENE
"Californians are out of it," declares Snapple Beverage Co. in newspaper ads this month. Citing a huge demand, the company says in its ads that its ice teas and juices are "temporarily sold out" in groceries across the state. Well, not exactly. It turns out that some flavors were in short supply this summer because the company stopped making them here in order to boost production of its best-selling flavors. The less popular flavors were trucked in from elsewhere.
BUSINESS
March 28, 1997 | JAMES F. PELTZ, TIMES STAFF WRITER
Closing one of the worst flops in corporate-merger history, Quaker Oats Co. agreed Thursday to sell Snapple Beverage Corp. to Triarc Cos. for $300 million, only 27 months after Quaker spent $1.7 billion to buy the maker of trendy drinks. The Quaker-Snapple fiasco joins such ill-fated business marriages as AT&T Corp. and computer maker NCR and General Electric Co. and defunct brokerage house Kidder, Peabody & Co.
BUSINESS
July 1, 1996 | Times Staff and Wire Reports
Quaker Oats to Unveil Plan to Boost Snapple Sales: Quaker Oats Co. will unveil a major sampling and new advertising campaign within the next few days that's designed to jump-start sales of its Snapple Beverage brand, a person familiar with the campaign said. Chicago-based Quaker will spend about an extra $20 million on the campaign, which is more than a 50% increase from what it had previously budgeted for the brand's summer marketing, the person said.
CALIFORNIA | LOCAL
July 31, 1996 | LESLEY WRIGHT
Old Towne further solidified its identity as Anytown U.S.A. this week when a film company set up lights and cameras on North Glassell Street to shoot a commercial. "This was the only small town we could find in the L.A. region," said producer Gary Romano, who stood under a glaring sun Monday to shoot a 30-second commercial for Snapple Beverages.
BUSINESS
July 5, 2007 | From Reuters
Coca-Cola Co. is evaluating whether to make a bid for Snapple, the bottled tea maker that is owned by Cadbury Schweppes, as part of Coke's push into tea-based drinks, Coke Chief Executive E. Neville Isdell told Reuters. "That is a valuation that we undertake, whether it is of interest to us or whether we can do it on our own," he said in an interview Wednesday. London-based Cadbury, the world's largest confectionary company, is getting ready to separate its U.S.
BUSINESS
September 2, 1993 | Associated Press
Snapple Beverage Co. started an advertising campaign Wednesday against local rumors that the manufacturer of brewed iced teas and soft drinks supports the Ku Klux Klan and Operation Rescue, the militant anti-abortion group. "We are not involved in any way whatsoever with the KKK, Operation Rescue or any other type of pressure group or organization, period," said the ad appearing in major Northern California newspapers.
BUSINESS
August 8, 1997 | (Bloomberg News)
An investor group led by Thomas H. Lee Co. agreed to buy Fisher Scientific International for $1.4 billion, thwarting an unsolicited offer of $1 billion by the Bass Group. The Hampton, N.H.-based maker of test tubes, rubber gloves, beakers and other scientific equipment agreed to the friendly offer of about $51 a share from Boston buyout firm Thomas H. Lee, known for investments in Snapple Beverage Co., Rayovac Corp., General Nutrition Centers and Experian Information Solutions Inc.
CALIFORNIA | LOCAL
July 31, 1996 | LESLEY WRIGHT
Old Towne further solidified its identity as Anytown U.S.A. this week when a film company set up lights and cameras on North Glassell Street to shoot a commercial. "This was the only small town we could find in the L.A. region," said producer Gary Romano, who stood under a glaring sun Monday to shoot a 30-second commercial for Snapple Beverages.
BUSINESS
July 1, 1996 | Times Staff and Wire Reports
Quaker Oats to Unveil Plan to Boost Snapple Sales: Quaker Oats Co. will unveil a major sampling and new advertising campaign within the next few days that's designed to jump-start sales of its Snapple Beverage brand, a person familiar with the campaign said. Chicago-based Quaker will spend about an extra $20 million on the campaign, which is more than a 50% increase from what it had previously budgeted for the brand's summer marketing, the person said.
BUSINESS
September 25, 1992 | DENISE GELLENE
"Californians are out of it," declares Snapple Beverage Co. in newspaper ads this month. Citing a huge demand, the company says in its ads that its ice teas and juices are "temporarily sold out" in groceries across the state. Well, not exactly. It turns out that some flavors were in short supply this summer because the company stopped making them here in order to boost production of its best-selling flavors. The less popular flavors were trucked in from elsewhere.
BUSINESS
December 22, 2005 | From Associated Press
Thomas H. Lee plans to leave the $12-billion private equity firm he started 31 years ago to launch a New York-based investment fund, the company said Wednesday. Lee, the 61-year-old chief executive and chairman of Boston-based Thomas H. Lee Partners, told the staff of his intention to leave in an e-mail Wednesday.
BUSINESS
June 27, 1996 | JOHN O'DELL, TIMES STAFF WRITER
The investment group buying TRW Inc.'s information services unit wants to sell $300 million worth of bonds to help defray the $1.1-billion purchase price, according to documents filed with the Securities and Exchange Commission. The registration statement filed June 17 says the investment group, led by Boston investment firms Bain Capital Inc. and Thomas H. Lee Co., expects to complete the financing by borrowing an additional $510 million and making a $255-million cash infusion.
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