Make smart financial decisions with DailyFinance

M&A Update: Campbell Soup shares up after Heinz CEO remarks

Posted Aug 13th 2008 11:00AM by Paul Foster (RSS feed)
Filed under: Deals

Campbell Soup (NYSE: CPB) is recently up 23 cents to $38.04.

According to Bloomberg, Heinz (NYSE: HNZ) CEO Bill Johnson, speaking at its annual shareholder meeting, said "CPB is a great company. . . . CPB would represent a nice fit with the company. We are always looking for opportunities to expand and grow."

CPB is expected to report Q4 EPS in September. CPB has a market cap of $14 billion. Nelson Peltz, an activist shareholder, has been an involved in HNZ shares over the last 38 months. HNZ is recently up 44 cents to $51.75.

M&A Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Tags: Bill Johnson, BillJohnson, Campbell Soup, CampbellSoup, CPB, Heinz, HNZ

BloggingBuyouts is provided for informational purposes only. Nothing on the service is intended to provide personally tailored advice concerning the nature, potential, value or suitability of any particular security, portfolio or securities, transaction, investment strategy or other matter. You are solely responsible for any investment decisions that you make. The contributors who provide the content of BloggingBuyouts may, from time to time, hold positions in the securities discussed at the time of writing and they may trade for their own accounts. Such holdings will be disclosed at the time of writing. By using the site, you agree to abide to BloggingBuyouts' Terms of Use.

Terms of Use

Deals
Alliance Boots, bidding war, 2007 (2)
Bausch and Lomb, $3.7b, 2007 (1)
Blackstone, IPO, 2007 (44)
Chrysler, $7.5b, 2007 (28)
DoubleClick, $3.1b, Apr 2007 (2)
Express Stores, $548m, 2007 (2)
Harman Int'l, 2007 (7)
Laureate, $3.1b, 2007 (1)
Palm Inc, 2007 (1)
Sallie Mae, $25b, 2007 (16)
Travelport, $4.3b, Aug 2006 (1)
TXU Inc., 2007 (16)
Features
Activist investing (127)
Top deals (61)
Firms
Apax Partners (9)
Apollo Management (47)
Bain Capital (67)
Cerberus Capital (53)
Citigroup (11)
Clayton, Dubilier and Rice Inc. (8)
Golden Gate Partners (4)
GS Capital Partners (29)
J.C. Flowers (19)
KKR (119)
Madison Dearborn Partners (23)
Merrill Lynch (5)
Morgan Stanley Capital Partners (5)
Permira (6)
Providence Equity Partners (16)
Silver Lake Partners (21)
Texas Pacific Group (69)
The Blackstone Group (174)
The Carlyle Group (76)
Thoma Cressey Equity Partners (0)
Thomas H. Lee Partners (27)
Warburg Pincus (10)
Welsh, Carson, Anderson and Stowe (3)
News
Deals (663)
Engagements (104)
Financials and analyticals (80)
Investments (234)
Management (121)
Management fees (19)
Movers and shakers (67)
Private equity (29)
Private equity industry (341)
Public or private? (209)
Raising money (144)
Rumors (191)
Shareholders (98)
Taxes and regulations (45)
Value and lack thereof (124)
Venture capital industry (54)

RSS NEWSFEEDS

Powered by Blogsmith

Sponsored Links