Discussion in 'Trading' started by Toonces, Mar 4, 2003.

  1. Toonces


    Anyone watching this after hours? What is going on???
  2. JayF_eSignal

    JayF_eSignal eSignal

    FTC To Challenge Nestle and Dreyer's Merger
  3. Toonces


    OK how many of you made $10K on that one? I got in late, only made $500.
  4. Arnie


    Saw this cross the wire around 8:30 PM EST

    OAKLAND, Calif.--(BUSINESS WIRE)--March 4, 2003--Dreyer's Grand Ice Cream, Inc. (Nasdaq: DRYR) and Nestle Holdings, Inc. (Nestle) made the following joint statement in response to the announcement by the Federal Trade Commission that it has authorized the initiation of litigation seeking an injunction against Dreyer's proposed transaction wth Nestle.

    "We are continuing our discussions with the staff of the FTCregarding the potential divestiture of assets announced earlier today as a means of addressing the staff's concerns with respect to the transaction.

    Dreyer's and Nestle Ice Cream Company (NICC) entered into an
    agreement yesterday with a subsidiary of CoolBrands International Inc. (TSX:COB.A) (CoolBrands) for the sale and purchase of certain ice cream and distribution assets, and have submitted materials to the staff of the FTC regarding the proposed sale to CoolBrands to assist the staff in its review.

    "Dreyer's and Nestle remain firmly committed to their transaction
    and confident that they will be able to consummate it."
  5. omcate


    It is a difficult time to do risk arbitrage.

    :( :( :(
    :( :( :(
  6. i went long monday ! :D