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RUMORS OF COMPANY BEING SNAPPLED-UP RAISE STOCK PRICES

     Rumors struck Snapple Beverage again Friday, "except this
time they boosted the price of the company's stock."  Shares of
the company's stock surged as much as 26% as "Wall Street buzzed
about the possibility of a takeover."  Coke, Pepsi and Philip
Morris were among the rumored suitors, "although several analysts
dismissed the talk."  Merrill Lynch's Allan Kaplan said a bid by
Coke or Pepsi would be "ludicrous" because the cost of the
acquisition would outweigh the earnings produced.  An investment
newsletter, Wall Street Strategies, told subscribers that it had
heard a major beverage company would bid $25 a share, or $3B for
the company. Snapple's stoke closed at 14 5/8, up 2 3/8 (James
Lyons, N.Y. DAILY NEWS, 10/22).  Other observers said Quaker Oats
would be a more logical Snapple suitor.  "Ironically, Quaker,
with its successful Gatorade product, has been rumored to be a
buyout target of Pepsi.  Purchasing Snapple would help Quaker
fend off potential predators" (ATLANTA CONSTITUTION, 10/22).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

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