Does anyone think that there are companies out there that might see PB's apparently undervalued stock as an acquisition opportunity? Has PB's management made any considerable stock buy-backs to avoid exposure to such threats? After Coca-cola's Home-run-like acquisition of Venezuela's Cisneros family's immensely dominant and profitable Pepsi bottling operation, could this be pay-back time for Coca-cola? Any ideas from those of you interested in discussing PB issues (instead of just cluttering up this thread with pissing contests)?
Too much of the stock is closely held by parties who have long resisted KO's overtures. I doubt the collapse in price (which I suspect they'd also view as a temporary phenomena) would change their position that much. But who knows...money talks, and KO has expressed an interest before.
No one else is really a candidate, IMHO, if you're suggesting a PEPSI move. PB has spent so much time, energy, money building the coke brand, I can't conceive of anyone seriously entertaining that notion. And KO would certainly intervene, anyway. In fact I have a vague recollection that they already have some type of right of first refusal, which they'd probably use if someone else, like CCE, came sniffing around.
And my apologies for participating/encouraging the pissing contests.
A hostile takeover is out of the question. I'm pretty sure that KO owns about 20% or so of PB. Much of the rest is owned by the Staton family. The Statons have been involved with KO for something like 75 years. A Pepsi switch is unthinkable. I agree with you that this stock is very undervalued. At this price, a friendly takeover by KO or CCE is not impossible.