After the US Federal Trade Commission (FTC) said that it would oppose the $2.5 billion takeover of Dreyer’s ice cream by Nestle SA on the grounds that it would eliminate competition and increase prices, Nestle management said that it hoped to rescue the deal.
It appears that the only way the takeover can be rescued is by Nestle selling off more brands than originally planned, including, quite possibly, its Starbucks ice cream brand. Nestle said it is meeting with FTC representatives in order to work out the acceptable parameters for a deal.
It appears that the only way the takeover can be rescued is by Nestle selling off more brands than originally planned, including, quite possibly, its Starbucks ice cream brand. Nestle said it is meeting with FTC representatives in order to work out the acceptable parameters for a deal.
- KC's View:
