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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (5434)10/8/2002 2:12:29 AM
From: Libbyt  Respond to of 57110
 
that this was a news driven gap up and the pattern suggests that somebody is buying DRYR for a fixed cash price (not a stock swap).

Yes...an offer from Nestle.

forbes.com

"Since the beginning of last year, Nestlé has paid $10.3 billion for Ralston Purina, to become the world leader in pet food, and is finalizing a takeover of Dreyer's Grand Ice Cream (nasdaq: DRYR - news - people ), which will make it number one in the U.S. ice cream market."