Campbell Soup Bidding War?
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 25 June 2018
⏱️ 16 minutes
🧾️ Download transcript
Summary
Shares of Campbell Soup rise 10% on reports Kraft Heinz and General Mills may be bidding for the iconic brand. Jason Moser and Taylor Muckerman discuss the soup battle, as well as Harley-Davidson moving jobs to Europe and AT&T’s purchase of online ad exchange company AppNexus.
Transcript
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| 0:00.0 | It's Monday, June 25th. |
| 0:04.3 | This is Market Fullry. |
| 0:05.3 | Welcome. |
| 0:06.3 | Thanks for checking us out. |
| 0:06.9 | I'm Chris Hill. |
| 0:08.1 | Joining me in studio, it's Jason Moser and Taylor Muckerman. |
| 0:10.8 | Happy Monday, Jents. |
| 0:11.8 | You as well. We got some Merger- Monday stuff happening. |
| 0:15.8 | They, why not? We got some legit merger stuff happening and we've got some rumored stuff. |
| 0:21.2 | And we're going to get to the rumored stuff because anytime you start |
| 0:25.1 | looking at what are stocks doing today and you see shares of Campbell's soup up 10 percent. |
| 0:30.8 | My goodness. That bears further investigation and as a reminder it was back in May that Campbell |
| 0:38.1 | soup said that it was undergoing a strategic review and that yes of course anytime you hear we're undertaking a |
| 0:46.6 | strategic review one of the things one of the questions on the table is hey |
| 0:50.5 | should we be putting ourselves up for sale? |
| 0:53.0 | And that's when CEO, Denise Morrison, said, |
| 0:56.2 | check please, and she left. |
| 0:58.1 | And now we're getting reports that Kraft Heinz |
| 1:01.8 | might be looking to buy Campbell soup and shares are up 10%. |
| 1:06.0 | I feel like that's language I need to incorporate into my household, right? |
| 1:09.1 | I mean we're teaching our kids, we're kind of running this business of our house and the money comes in and it goes out |
| 1:14.1 | and every once in a while I just want to kind of make them wonder a little bit like kids listen |
... |
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