- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
The Coca-Cola Company (NYSE:KO) might make an offer for the beverage operations of Singapore’s Fraser & Neave, including its dairy and soft-drink units, all which could total as much as $3 billion in value. The rumors emerge as a battle unfolds between Heineken Nv Adr (HINKY.PK) and Thai billionaire Charoen Sirivadhanabhakdi for Asia Pacific Breweries, in which Fraser & Neave owns 40 percent, and is ready to make a decision on a $4.1 billion offer from Heineken for its holding. However, should Coke make a successful bid, the move would help it well along with its rivalry with PepsiCo Inc. (NYSE:PEP), as Fraser & Neave is set to become a dominant player in Malaysia and Singapore if a deal is realized.
Don’t Miss: Are These 5 TOP Stock Performers Overbought?
Private equity Bain Capital will purchase a 30 percent stake in process management and tech services company Genpact Limited (NYSE:G) from General Atlantic and Oak Hill Capital, which will keep a 10 percent investment in the firm. Bain is paying $14.76 per share, or $1 billion, which share price is somewhat below Genpact’s close Wednesday at $17.15.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.