Mergers and Acquisitions Rewind: Heineken and Coke COMPETE, Vivendi ABANDONS Sale Attempt
Heineken’s (HINKY.PK) $50 per share bid for Asia Pacific Breweries has been okayed by Fraser & Neave’s board. The approval might push The Coca-Cola Company’s (NYSE:KO) own offer for the beverage business forward.
Vivendi Sa Adr’s (VIVHY.PK) attempts to divest its $8 billion, 61 percent investment in Activision Blizzard, Inc. (NASDAQ:ATVI) failed to attract offers, so the former is said to be putting the idea aside. Observers were dubious that a suitor would come forward, owing to the size of the stake, along with doubts as to the gaming industry’s current state of well being. Further, Activision shares are busily selling off following its second quarter postings.
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