The synergies are actually higher than what we thought it would be. The question is Can they achieve those synergies
The synergies are actually higher than what we thought it would be, ... The question is Can they achieve those synergies
Quaker is on a strong growth track and has strong earnings momentum. So they can afford to wait a little here.
You just give Steve the ball and watch him go.
This merger is not just about cost savings. It's the opportunity to integrate the two businesses and generate new revenue growth.
The Nabisco management team is doing everything in their power to improve shareholder value, ... The food sector has just been drastically out of favor.
The Nabisco management team is doing everything in their power to improve shareholder value. The food sector has just been drastically out of favor.
Pepsi clearly wants Quaker for strategic reasons. Their offer is still a substantial premium to where Quaker Oats is trading. The reason they walked away the first time is because they had Coca-Cola waiting in the wings. They no longer have that luxury.
It's that simple, you can follow crimes from one part of the country to another,
It's a very solid deal. It's a solid deal because the cost savings are greater than what people anticipated and Philip Morris intends to IPO the combined Kraft-Nabisco next year.
Everybody knew Coke was the one that could pay the most if they wanted to. Now, this puts the company back to where it was three weeks ago before the Pepsi bid. It clearly can remain an independent company if it wants to. They are not cornered at all.
The wild card here is Nestle because they are the largest global food company. They have to decide whether they want to participate.
The wild card here is Nestle because they are the largest global food company, ... They have to decide whether they want to participate.
There is no record of what he did at the meeting. He met with the chief negotiators for the enemy. He had no right to do that as a private citizen. He had no right to do it as a naval officer,
There will be some cost savings that come out of this, but the focus is not on cost savings. It's on setting the right structure to grow the business.
Campbell is not a short-term story. This is a company that historically has not put enough marketing behind its business, and that's what they need to do. This year is a transition year.