The Rising Influence of Rising Affluence

[DewDiligence]

CPB could be the next takeover in the multinational food sector, despite lackluster operating results:

http://online.wsj.com/article/SB10001424127887324432004578304150810840028.html

This passage from the WSJ article is amusing:

Campbell last year bolted on closely held Bolthouse Farms, at a price of nearly 20 times operating earnings, to complement its V8 Juice brand.

Bolthouse Farms is the perfect name for a bolt-on acquisition! I like their pomegranate juice.

HNZ itself had tried to acquire CBP in 2008, just before the collapse of the financial markets.