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business
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2007
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May
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26
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Sentences
Tags
Business | 2007 | May | 26
.
72
Glaceau does not release annual sales figures
May 26 '07
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Business
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www.nydailynews.com
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61
It's the biggest acquisition in Coca-Cola's 115-year history
May 26 '07
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58
A spokeswoman for Glaceau, Nina Fiddian-Green, declined to discuss her company's corporate structure and financial information, and she referred questions to Coca-Cola
May 26 '07
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58
"We're looking at this as a long-term opportunity," Chief Operating Officer Muhtar Kent told reporters in a conference call
May 26 '07
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58
Coca-Cola, the world's biggest soft-drink maker, sells 5% of water drinks, which are more profitable than soda
May 26 '07
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54
"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, S.C.The firm previously held Coca-Cola shares
May 26 '07
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52
Glaceau will give Coca-Cola a brand to compete with PepsiCo's SoBe, Aquafina and Propel drinks, which account for about 45% of the United States market for enhanced water
May 26 '07
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52
Bikoff said Glaceau, which also makes Fruitwater, Smartwater and Vitaminenergy, has had talks with other companies, but he did not say whether there had been other offers besides Coca-Cola's
May 26 '07
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49
Coke execs said the price tag, which is nearly twice what Glaceau's estimated value was less than a year ago, is worth it
May 26 '07
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44
"I can't tell you anything specific about offers, but I can tell you there were other companies that were talking to us," Glaceau CEO Bikoff said.
May 26 '07
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12
Coke said Glaceau's top three execs — founder and CEO J.Darius Bikoff, President Mike Repole and Chief Financial Officer Mike Venuti — intend to lead the business for at least three years, and that other key managers will remain in the business
May 26 '07
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3
John Sicher, an industry analyst and editor and publisher of Beverage Digest, said the price is a function of Glaceau's "astronomical" growth
May 26 '07
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www.nydailynews.com
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