The Food Institute Report, July 3rd, 2000
While Philip Morris Cos.' proposed acquisition of Nabisco has refueled talk of the ongoing consolidation trend in the food industry in the United States, an exclusive analysis of merger and acquisition activity in the first half of 2000 by the Food Institute finds such activity has actually slowed a bit from the peak levels of 1998 and 1999. Indeed, the Food Institute tracked 350 acquisitions by food or food-related firms between Jan. 1 and June 30 of this year-down from 386 last year and 393 in 1998. The larger deals continue to be made however, evidenced by the proposed consolidation of tw...
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