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2007
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May
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Business | 2007 | May | 25
.
63
In March, Coca-Cola bought Fuze Beverage LLC to add more juice, tea and energy drinks
May 25 '07
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Lake Mary, FL USA - Test Equipment Connection Corporation announces new United States Distribution Agreement with Fluke Electronics Corporation
May 25 '07
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59
Previous Purchases Coca-Cola's biggest purchase before today was the $590 million acquisition of a Philippines bottler, which was completed in February
May 25 '07
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52
It will operate as a separate business unit within Coca Cola's north American branch
May 25 '07
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Coca Cola said it had agreed to buy Glaceau, the maker of Vitamin Water, for $4.1bn in the latest stage in the drinks giant's efforts to expand its portfolio of still drinks and give a lift to its struggling north American business
May 25 '07
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48
Coca-Cola, the world's biggest soft-drink maker, sells 5 percent of water drinks, which are more profitable than soda
May 25 '07
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With the economy set to grow at close to double digits this year, these deals are viewed to be evidences of Indian corporate houses’ coming of age
May 25 '07
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``This is the position Coke's in, having to pay up because there are so few assets out there that can move the needle for them,'' said Walter Todd, who helps manage $850 million at Greenwood Capital Management in Greenwood, South Carolina
May 25 '07
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47
Shares Shares of Coca-Cola rose 54 cents to $51.78 at 9:59 am in New York Stock Exchange composite trading
May 25 '07
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Soft drink volume in the United States dropped 1.2 percent last year for Coca-Cola, and PepsiCo had a 1.3 percent decline, according to data compiled by industry journal Beverage Digest
May 25 '07
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They have risen 17 percent in the past 12 months, compared with 13 percent for PepsiCo, the second-largest soft-drink maker
May 25 '07
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46
Coca-Cola also bought Leao Junior SA, a Brazilian maker of Matte Leao bottled tea, to give its Latin bottlers more noncarbonated choices
May 25 '07
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He said Coca-Cola hasn't decided if it will change Glaceau's current distribution system
May 25 '07
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46
"This will help us with our clearly declared goal of winning in north America," said Neville Isdell, chief executive
May 25 '07
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46
Muhtar Kent, Coke's chief operating officer, said: "Of course it's a high price, you may think"
May 25 '07
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In an effort to catch up, Coke has been focusing on developing new products and on acquisitions
May 25 '07
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glaceau
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46
The main products of Glaceau, which was set up in 1996, are "enhanced water" products and Smartwater, a bottled water brand
May 25 '07
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46
50 Cent Glaceau brightly colored Vitaminwaters include grape- flavored Formula 50, endorsed by rapper 50 Cent
May 25 '07
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46
Test Equipment Connection is a single source supplier with an in-house calibration laboratory assuring that customers receive only the highest quality T&M equipment and support
May 25 '07
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46
Coca-Cola's board rejected a proposal to buy Quaker Oats Co.in 2000, allowing PepsiCo to snap up Gatorade's parent company for $14 billion
May 25 '07
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coca
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45
Buying Glaceau may be a ``game changer'' for Coca-Cola because it would give the soda-maker control of one of the biggest vitamin-enhanced water brands in the United States, according to Morgan Stanley analyst Bill Pecoriello
May 25 '07
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44
Aimed at senior finance and strategy executives, and MnA analysts, the survey results throw up some interesting insights
May 25 '07
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To contact the reporter on this story: Mary Jane Credeur in Atlanta at mcredeur@bloomberg.net .
May 25 '07
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www.bloomberg.com
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44
Glaceau, based in Queens, New York, may help Coca-Cola compete with PepsiCo's SoBe, Aquafina and Propel drinks, which account for about 45 percent of the United States market for enhanced water
May 25 '07
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44
The firm previously held Coca-Cola shares
May 25 '07
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43
It already has a big presence on the east and west coasts
May 25 '07
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42
Every manufacturing plant, electronics company, or field service organization represents another potential customer for Fluke products, and we know these users well,” said John Bahng, C.E.O.of Test Equipment Connection Corporation
May 25 '07
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42
But, the largest Indian deal ever, got the 56th biggest steel producer Tata Steel to leap-frog from the 56th to the 5th position in the global steel sweepstakes
May 25 '07
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The top three executives at Glaceau will stay on for at least 3 years after the deal
May 25 '07
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msnbc.msn.com
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glaceau
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42
Tata bought the stake in August for $677 million, valuing the company at $2.26 billion at the time
May 25 '07
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coca
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41
While 56% of survey respondents felt that these deals were overvalued, most of them went on to highlight that given the strategic aspirations of the acquirers, they did the right thing by moving aggressively on these buy-outs
May 25 '07
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www.express-press-release.com
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global
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39
’New-economy’ industries such as IT/ITeS, telecom, pharmaceuticals and biotechnology are expected to be the nurturing ground for future MnA activity
May 25 '07
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global
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steel
39
Tata Tea's shares rose 4 percent to 913.65 rupees at the close of trading on the Bombay Stock Exchange
May 25 '07
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Business
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www.bloomberg.com
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coca
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39
Evalueserve won several awards in 2006, including Red Herring Asia Top 100, NASSCOM IT Innovation Award for Business Model Innovation and the Deloitte Fast 500 APAC Award
May 25 '07
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Business
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www.express-press-release.com
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global
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39
Coca-Cola said today that it will pay cash for closely held Energy Brands Inc., which was founded in 1996 and controls about 30 percent of the United States market for flavored water
May 25 '07
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www.bloomberg.com
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coca
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38
Meeting international regulatory compliance requirements is expected to be the most important challenge ahead of the acquirers
May 25 '07
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Business
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www.express-press-release.com
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global
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indian
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38
Coca-Cola bought San Miguel Corp.'s 65 percent stake in the bottler, among its 10 biggest soda distributors, to reverse volume declines in the region
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
38
Coca-Cola Buys Maker of Vitaminwater for $4.1 Billion (Update3) By Mary Jane Credeur May 25 (Bloomberg) -- Coca-Cola Co.agreed to buy the maker of Glaceau Vitaminwater for $4.1 billion to narrow the gap with PepsiCo Inc.in sales of noncarbonated drinks
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
38
``It represents a significant step forward in establishing sustainable growth in our home market, North America,'' Chief Executive Neville Isdell said today on a conference call
May 25 '07
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Business
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www.bloomberg.com
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coca
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37
India-born steel tycoon L.N.Mittal portrayed the ambitions of new age companies aspiring to achieve global leadership
May 25 '07
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Business
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www.express-press-release.com
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global
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37
Through its subsidiary in Europe, Ciao GmbH, the company operates its European Internet survey solutions business as well as one of Europe’s leading comparison shopping portals, Ciao.com
May 25 '07
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www.express-press-release.com
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37
About Test Equipment Connection Corporation: Test Equipment Connection Corporation is the largest vendor of New and Refurbished electronic test and measurement (“T&M”) equipment and is located in sunny Lake Mary, FL.Test Equipment Connection sells, rents, leases, buys and repairs over 40 different T&M manufacturer products
May 25 '07
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Business
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www.express-press-release.com
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corporation
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test
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equipment
37
Tata, the Indian conglomerate, bought a 30 per cent stake in Glaceau last year for $677m, based on an enterprise value of $2.2bn for the company, Coca-Cola said
May 25 '07
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Business
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msnbc.msn.com
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glaceau
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37
The Company has over 200,000 customers, a 45,000 square foot warehouse and repair facility, and over 14 years of profitability and financial strength
May 25 '07
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Business
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www.express-press-release.com
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corporation
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37
Would this over-exuberance lead to stormy days for these companies or are these initial indications of consolidation and signs of emerging giants
May 25 '07
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37
It's the biggest acquisition in Coca-Cola's 115-year history
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
37
``Everything is on the table,'' Isdell said
May 25 '07
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Business
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www.bloomberg.com
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coca
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percent
37
Its Smartwater has electrolytes to help drinkers feel more hydrated
May 25 '07
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coca
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36
Coca-Cola said the purchase will force it to pare share repurchases this year
May 25 '07
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Business
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www.bloomberg.com
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coca
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cola
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percent
36
The market for still and energy drinks has been growing much faster than the mature carbonated market in north America
May 25 '07
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Business
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msnbc.msn.com
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glaceau
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drinks
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