Cadbury Schweppes to Acquire Snapple for 1.45 Billion
Cadbury Schweppes announced on September 18 its plan to purchase Snapple Beverages from Triarc for 1.45 billion dollars. The deal adds Snapple, Mistic, Stewart's and RC Cola to Cadbury Schweppes and aims to boost exposure to high growth beverages while preserving the company's No. 3 carbonated position after Coca-Cola and Pepsi.
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Cadbury Schweppes
Snapple Beverages
Triarc
Cadbury
Snapple
Mistic
Stewart’s
Royal Crown
John Sunderland
United Kingdom
Europe
China
Schweppes
Jacob Schweppe
Lyons
Motts
Clinton's Ditch
Cicero
Retirement protections under debate affect IRAs and plans
Florida offers strong retirement protections but shifts loom as lawmakers consider changes. ERISA coverage for SIMPLE IRAs is unclear. creditor claims can reach beneficiary payouts. Bills seek to cap protection, add IRAs to ERISA, and require waivers to open new credit accounts. President Clinton backs consumer safeguards amid reforms.
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Florida
Carola
ERISA
Carosa
House
Senate
Jeffords
Jon Kyl
R-Ariz
House of Representatives
Clinton
Warnaco board conflicts threaten stock prospects
Malcolm Berko flags management gaffes and a conspiratorial board at Warnaco. He notes insiders including the CEO and CFO control a quarter of board seats, hindering needed changes. A class action suit is contemplated to press for leadership turnover, while the firm retains a strong product and consumer appeal. Readers should research before investing.
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Warnaco
Malcolm Berko
Copley News Service
Syracuse
Berko
P.O. Box
N.y
Hig
Btbull
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