Posts with tag CPB
Posted Aug 13th 2008 11:00AM by Paul Foster
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.
Posted Aug 9th 2007 1:15PM by Tom Barlow
Filed under: Public or private?
In a move to divest itself of products inconsistent with their goal of "centering on convenience, wellness and quality,"
Campbell Soup Co. (NYSE:
CPB) is prepared to put its boutique chocolate brand
Godiva Chocolatier on the market.
The luxury product should find an eager market, as it has been a solid performer for Campbell with sales
increasing by double digits in 2006 on annual sales of approximately $500 million. The company has over 270 retail locations as well as direct sales, and its products are also available in groceries and other stores.
Godiva was
founded over 75 years ago in Brussels, Belgium by the Draps family. Campbell's bought a third of the company in 1966, subsequently taking over ownership. They have deftly kept the brand separate from the Campbell's brand, shaping the Godiva image as a gourmet product and haute culture indulgence.
According to
The Wall Street Journal [subscription], market analysts speculate that Godiva could bring between $750 million and $1 billion. Centerview Partners LLC has been retained as the financial advisor for the deal.
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