América Retail | Homepage
Monday, May 29, 2017

La primera comunidad del retail en Latinoamérica

USA: Colgate-Palmolive could be looking to sell

USA: Colgate-Palmolive could be looking to sell

Mayo 19, 2017

Autor/Fuente: Josh Kosman / New York Post 👤Periodista: María Alejandra Lopez 🕔19.May 2017

 

Colgate-Palmolive’s chief executive recently signaled he would be open to selling the company — which has grappled with sluggish demand for its toothpaste, deodorants and food products — for $100 a share, a source told The Post.

CEO Ian Cook’s stated price tag, valuing the consumer-products giant at more than $88 billion, came at a meeting with institutional investors that took place in recent weeks, a source with knowledge of the conversation said.

Rumors about possible deals have swirled of late around the New York-based conglomerate, which has struggled to increase sales of its household staples, which include Irish Spring soap and Hill’s pet food.

In particular, there has been talk that Colgate-Palmolive is being stalked by Unilever, the London-based maker of Dove soap, Axe deodorant and Hellmann’s mayonnaise.

Read Also: FTC not ready to approve Walgreens-Rite Aid deal 

Last Friday, the chatter even prompted a shareholder to ask Cook at the annual meeting what he would do if Unilever made an offer to buy the company.

“We as a company … build value for our share owners and all the constituents in our company,” Cook responded. “And that is what we will focus on and let the rumors and speculation take care of itself.”

Aside from the Unilever chatter, speculation has been stoked partly by the fact that activist Nelson Peltz owns a stake in Procter & Gamble, and may be looking to spark sector consolidation.

Other possible suitors include Johnson & Johnson as well as the partnership formed by billionaire Warren Buffett and Brazilian conglomerate 3G Capital, which owns Kraft Heinz.

Colgate declined to comment on what Cook told investors.

Articulos relacionados

USA: RadioShack filed for bankruptcy for the second time in two years

USA: RadioShack filed for bankruptcy for the second time in two years

Mayo 26, 2017

  RadioShack filed for bankruptcy for the second time in two years this March. The electronics retailer announced it

USA: This is what Sears stores could look like in the future

USA: This is what Sears stores could look like in the future

Mayo 26, 2017

  Sears is closing hundreds of stores, and many of its remaining locations are shrinking. That's because

USA: Starbucks baristas reveal the alleged worst parts of working there

USA: Starbucks baristas reveal the alleged worst parts of working there

Mayo 26, 2017

  Starbucks is facing backlash from its baristas who say that they're overworked, understaffed, and underpaid. While

USA: Payless to try fending off creditor probe of owners

USA: Payless to try fending off creditor probe of owners

Mayo 26, 2017

  Discount retailer Payless ShoeSource is investigating whether its leveraged buyout by private equity firms and

USA: Sears surges as cost cuts, asset sale help post profit

USA: Sears surges as cost cuts, asset sale help post profit

Mayo 26, 2017

  Sears Holdings Corp (SHLD.O) reported its first quarterly profit in nearly two years, as the

Últimas Noticias

Newsletter

SECTIONS

América Retail