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Non-Tech : The Children's Beverage Group (TCBG)
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To: mark cox who wrote (1634)8/21/1998 3:24:00 AM
From: KSully  Read Replies (1) of 2452
 
Gambler,

Thank You! SI has an EGO problem!

To All:

The best read I have on the press release is that it is a non-news event. Infact, I have tendered unsolicited cash offers many times over via yard and garage sales. What renders the news event worthy is when the unsolicited cash offer is accepted or not accepted. As such, relax. Lets hear what Nestle S.A. has to say first. Do they accept or do they refuse such an offer?

It is curious that TCBG has "...tendered an unsolicited cash offer...". What exactly is the cash position of the Company? It could be inserted that TCBG opted on a lease to own purchase agreement regarding the Volpak machines to reserve cash for this tender offer.
Finiancing via the PO's of Wal-mart and Winn-Dixie also hold strong credibility. What about a preferred offering of shares?

In regards to this particular press release, it could be part of a strategy to force the issue with Nestle by making the offer public. Was Nestle approached as to an offer prior to this press release? I do not know.
Is this press release a bunch of hype? Let's put it this way. It is a news worthy item that might be picked up by the financial media. Either way, TCBG will be associated with the big names once again via links to the release. But if being hyped, why doesn't Wal-mart stand up and say hey - stop using our association (ie: Wal-mart name on every press release) to hype your Company?

In closing, we have news - but no event. Does an offer not demand a response? What is the response? What does Nestle have to say?

KSully
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