Coca-Cola offers to buy Chinese Huiyuan in $2.5B deal

[Guest Tony n Terrific]

Huiyuan is China's leading maker of pure fruit juices and nectars with about 31 production facilities. Old Karl Marx is probably turning over is his grave now.

 

http://money.cnn.com/news/newsfeeds/articl...165b85f7cff.htm

Edited September 3, 2008 by Tony n Terrific (see edit history)

[Sebastian]

I heard that on the news today . I wonder if Coke is putting in a bid for Yeoh in Singapore as well?

[IllinoisDave]

Wait a minute. An American company looking to buy a foreign one? And Chinese no less? Holy man-bites-dog Batman!

[GZBILL]

Wait a minute. An American company looking to buy a foreign one? And Chinese no less? Holy man-bites-dog Batman!

 

Certainly not the first time something like this has happened.

 

It is rather common for foreign companies to gobble up local Chinese ones. P&G did this about 10 years ago with a company called, if I am not mistaken, White Cat.

[Corbin]

Wait a minute. An American company looking to buy a foreign one? And Chinese no less? Holy man-bites-dog Batman!

 

Certainly not the first time something like this has happened.

 

It is rather common for foreign companies to gobble up local Chinese ones. P&G did this about 10 years ago with a company called, if I am not mistaken, White Cat.

So is that why some of the canned goods from P&G made me want to sing like a tomcat.........

[Guest Tony n Terrific]

Wait a minute. An American company looking to buy a foreign one? And Chinese no less? Holy man-bites-dog Batman!

 

Certainly not the first time something like this has happened.

 

It is rather common for foreign companies to gobble up local Chinese ones. P&G did this about 10 years ago with a company called, if I am not mistaken, White Cat.

The Coca-Cola offer for Huiyuan has triggered widespread worry in China. The Chinese are not without reason -- seven years after being sold to multi-national giant Procter and Gamble, the annual production of formerly major domestic brand Panda washing powder was reduced from 60,000 tonnes to 4,000 tonnes, as its new owner set the brand aside and showed more interest in promoting its own labels.

Here is a link to this article.

 

http://www.chinadaily.com.cn/china/2008-09...ent_6999559.htm

[Corbin]

Wait a minute. An American company looking to buy a foreign one? And Chinese no less? Holy man-bites-dog Batman!

 

Certainly not the first time something like this has happened.

 

It is rather common for foreign companies to gobble up local Chinese ones. P&G did this about 10 years ago with a company called, if I am not mistaken, White Cat.

The Coca-Cola offer for Huiyuan has triggered widespread worry in China. The Chinese are not without reason -- seven years after being sold to multi-national giant Procter and Gamble, the annual production of formerly major domestic brand Panda washing powder was reduced from 60,000 tonnes to 4,000 tonnes, as its new owner set the brand aside and showed more interest in promoting its own labels.

Here is a link to this article.

 

http://www.chinadaily.com.cn/china/2008-09...ent_6999559.htm

This is nothing new many companies buy out other to do what P&G did. Standard business practice all over the world. It is one way to control the competition or just outright get rid of it.....

[Guest Tony n Terrific]

This is how Sear became so large. They would dominate a company's business and then cut them off and turn around and buy this manufacture for a song.