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California Amplifier (CAMP) Message Board

two_opposite 4 posts  |  Last Activity: May 21, 2014 2:33 PM Member since: Nov 27, 2006
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  • two_opposite by two_opposite May 21, 2014 2:33 PM Flag

    BTN 50 DMA moves below 200 DMA

  • two_opposite by two_opposite May 20, 2014 1:56 PM Flag

    GM 33.25 - Down 1.00 (2.92%)

  • Reply to

    mary news

    by perfect_market May 16, 2014 10:47 AM
    two_opposite two_opposite May 16, 2014 2:23 PM Flag

    gm = garbage motors

  • Danone Said in Talks to Sell Medical Nutrition to Nestle
    By Manuel Baigorri, Andrew Roberts and Matthew Boyle May 12, 2014 7:37 AM ET

    Danone (BN) is in advanced talks to sell its medical-nutrition business to Nestle SA (NESN) after Fresenius SE dropped out of the process, according to people familiar with the matter.

    While a sale to Nestle is the most likely outcome, the transaction faces antitrust hurdles in some western European markets where the two companies operate, said the people, who asked not to be identified as the deliberations are private.

    Talks with Nestle could still fall apart and Paris-based Danone could decide against a sale, the people said. There are still other bidders interested in the medical-nutrition business, one of the people said. Danone, the world’s biggest yogurt maker, could fetch about 3 billion euros ($4.1 billion) from the sale, the people said.

    “For Nestle, acquiring Danone’s medical-nutrition business would tick the right strategic boxes -- whether it would be a good deal or not would come down to price,” said RBC Europe analyst James Edwardes Jones, adding that he doesn’t see a compelling reason for Danone to sell it.

    Danone rose as much as 1.4 percent in Paris trading and was up 1.1 percent at 52.85 euros as of 1:13 p.m. Nestle shares advanced 0.3 percent to 69.30 Swiss francs in Zurich.

    Fresenius, which was considered one of the strongest contenders for the medical-nutrition unit, is no longer interested, the people said. Chief Executive Officer Ulf Mark Schneider last week said the company isn’t working on deals bigger than 1 billion euros at the moment.

CAMP
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