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This is not a spinoff. Altria spun off Kraft. CPB is selling Godiva. CPB will go up if they get a good price.
correct. CPB specifically said it was selling Godiva.If it was spun, Godiva would be its own entity and CPB shareholders would get a piece of the company. This is not the case.CPB will come out VERY nicely on this sale and it will be sold. Question is who?CPB will quickly jump beyond $40 IF GODIVA IS SOLD AT PREMIUM. That is, anything above the asking $1 BIL. CSG, HSY, Mars or even private equity groups are potential buyers.
Wouldn't it have to be sold in the $3BIL range for it to go beyond 40 on that news?