European Aeronautics’s (EADSY.PK) proposed super-merger with BAE Systems (BAESY.PK) is not likely to be disallowed by United States antitrust regulators and the Defense Department, says Reuters, since the firms have few domestic overlaps, and BAE is a long-trusted defense contractor. However, the Financial Times says that such a merger would create a company worth $48 billion, and face quite a few regulatory issues in several countries.
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In a move that could be to keep Heineken Nv Adr (HINKY.PK) from purchasing Fraser & Neave’s 40 percent investment in Asia Pacific Breweries for $4.4 billion, the Thai billionaire Charoen Sirivadhanabhakdi bids S$9 billion, or $7.3 billion, to acquire the 70 percent of F&N that he doesn’t control. Meanwhile The Coca-Cola Company (NYSE:KO) might be watching the events with interest, as it is said to be mulling a bid for F&N’s beverages operations.
Chief Executive Denise Morrison of the Campbell Soup Company (NYSE:CPB) tells the Wall Street Journal that her company is thinking about making purchases, as part of an endeavor to push its baking and snacking unit into more international territories. The historic soup company is still formulating its worldwide strategy for the division, which includes working for more co-operation between its Arnott’s and Pepperidge Farm brands.
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