Food Industry
Industry: Email Alert RSS FeedCoca-Cola in talks with Quaker Oats
Nation's Restaurant News, Dec 4, 2000
ATLANTA -- The Coca-Cola Co. confirmed that it is in discussions regarding a possible transaction with Chicago-based Quaker Oats Co., which owns the Gatorade brand. Quaker Oats recently rejected a $14.8 billion offer from PepsiCo. Quaker Oats reportedly also has been in discussions with France's Danone SA, according to the Associated Press.
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Coke's board was expected to meet to discuss a potential deal although no formal offer has been made by either side, according to The New York Times and The Wall Street Journal.
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