Coca-Cola Enterprises Inc
Farallon Capital adds a new position in Covidien
Ireland-based Covidien is a global healthcare leader that offers innovative medical technology solutions and patient care products to providers.
Farallon Capital exits its position in Time Warner Cable
In February, Comcast agreed to buy Time Warner Cable for ~$45.2 billion. This deal will create the largest cable provider in the U.S.
Why Tiger Global Management exits position in Carter’s
Tiger Global Management disposed of a large position in Carter’s Inc. (CRI) that accounted for 6.84% of the fund’s 1Q14 portfolio. Carter’s is based in Atlanta, Georgia. Carter’s is the largest branded marketer of apparel and related products exclusively for babies and young children. The company owns the Carter’s and OshKosh B’gosh brands.
Coca-Cola Bottler Merger: Benefits for CCE and KO Investors
As per the deal specifics that the companies disclosed, Coca-Cola Enterprises (CCE) shareholders should have a 48% shareholding in the new company.
Tullow Oil Leads EWU by 1.30%, EWU Down by 0.52%
Although oil prices rose across the US and the UK markets, along with the US oil inventory’s fall—which greatly benefited the energy sector—EWU dipped on August 31.
Farallon Capital raises its position in Safeway
On March 6, 2014, grocery store operators Safeway and Albertsons announced a merger agreement valued at approximately $9 billion.
Farallon Capital establishes a new position in Hillshire Brands
Hillshire reported fiscal 4Q14 net sales of $1.1 billion, up 10.7% in comparison to the corresponding period last year.
How Coca-Cola’s Refranchising Efforts Will Transform the Company
On June 15, the Coca-Cola Company (KO) announced a letter of intent to refranchise territories in most of the Memphis, Tennessee, market unit.
Why Did Coca-Cola Enterprises Fall by ~25% on May 31?
Coca-Cola Enterprises (CCE) has a market capitalization of $8.7 billion. It fell by 24.7% to close at $38.81 per share on May 31, 2016.
Consumer Staples Sector Stands Out
The Consumer Staples Select Sector SPDR ETF (XLP) led the SPDR S&P 500 ETF (SPY) with a gain of 1.0% in yesterday’s trade.
Consumer Spending Helps Economic Growth in Third Quarter
Consumer spending saw positive contributions to economic growth in 3Q15. An increase in consumer spending led to an increase in GDP for the third quarter.
The Coca-Cola Bottler Merger’s Strategic Benefits
The new company, Coca-Cola European Partners PLC (or CCEP), expects to realize significant synergies from the transaction.
Coca-Cola Bottler Merger: Analyzing the Deal’s Economics
The new company, Coca-Cola European Partners PLC (or CCEP), would be based in the United Kindgom with CCE, CCIP, and The Coca-Cola Company (KO) holding 48%, 34%, and 18% of shares, respectively.
Rise in Jobless Claims Fails to Deter Consumer Sector Firms
Investors in the consumer discretionary sector, like those invested in XLY, eagerly await the U.S. Department of Labor’s weekly jobless claims report.