We all know that people have cut back on shopping, dining out, vacations and other pursuits in the difficult economy. Turns out many are also neglecting their smiles.
Highlights from the Thomson Reuters Investment Banking Scorecard:
“Food and beverage accounts for 10% of M&A
Coca Cola’s $12.1 billion offer to purchase Coca Cola Enterprises, an Atlanta-based producer and wholesaler of bottled beverages, brings the total of M&A activity in the food and beverage sector to $32.4 billion, an increase of 257% compared to the same period in 2009.
News and views on the hedge fund industry from Reuters and elsewhere:
Big hedge funds shorting the euro – Wall Street Journal
Hedgies seek clarity on new Singapore regulations – BusinessWeek
Ex-director of ops for Madoff charged – Reuters
Hedge funds resist cutting fees – Financial Times
IOSCO publishes systemic risk data requirements – Hedgeweek
Over the last few months, as Pepsi worked out its deal to buy its main bottlers, Coca-Cola said it wasn’t interested in such a deal. Well you can’t keep a good idea down and today Coke, which once liked to be known as “the real thing,” unveiled plans to buy the bottler’s North American business.
Check out Coke’s about face on its relationships with one of its bottlers.