In the wake of Coca-Cola’s decision to pull out of a $15 billion takeover of Quaker Oats [WAMN: 22-Nov-00], French food and drink group Danone yesterday declared a renewed interest in buying the sports drink and breakfast cereals manufacturer.
The group, owner of the Evian water brand, informed analysts that it was ready to make an all-share bid for Quaker.
However, the deal could be threatened by Danone’s investors, as the company’s stock dropped 10% yesterday following fears over new share issues.
News source: Financial Times
