Hints and tips:
...One example is the US coffee market: it was once dominated by Folgers and Maxwell House — pre-ground and canned coffee sold in stores....
...Mr Cardillo admitted to trading shares of JM Smucker in June 2008 before it was publicly known that the maker of jams was acquiring Folgers from Procter & Gamble....
...During the meeting, Mr Cardillo testified, RK Rajaratnam told him that P&G was selling its Folgers business to Smucker’s....
...The government bolstered its case with testimony from Galleon insiders, such as portfolio manager, Michael Cardillo....
...It was used by P&G for other disposals, including its sale of the Folgers coffee business in 2008....
...“This is a great strategic fit …This brand is a thoroughbred,” said Michael Mendes, chairman and chief executive of Diamond, even as analysts expressed concern about the practical difficulties of a deal...
...In corporate news, Procter & Gamble, 0.5 per cent lower at $70.41, was in focus after reports it was considering selling brands including Duracell and its remaining food assets, Pringles and Folgers....
...“It is just a geographical fact that the firms best placed to benefit from Mifid are based in London, even if they are not UK-owned,” says Michael Folger, director of wholesale prudential policy at the Financial...
...Or as Michael Folger, a top FSA official told bankers last week: “The proposition before CESR is expected to be that at the firm’s option all transactions by branches may be reported to the host authority...
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