DE Master Blenders 1753’s (DE.AS or DEMBF) listing on the NYSE Euronext will be terminated on Tuesday, October 29th. To be fair, this is a mere formality as the stock hasn’t really traded much in the months following the takeover announcement by privately held Joh A Benckiser. While it’s been awhile since the board approved buyout offer rolled in, the ensuing… Read More »
When discussing spinoffs, analysts often toss in a comment about how the new slimmed and focused companies will be more attractive acquisition targets. After all, who doesn’t like the idea of a relatively quick exit with a nice premium? Sometimes they are right though and the most recent one to be acquired is Sara Lee spin DE Master… Read More »
That was quick. Weeks after its spinoff from Hilshire Brands(HSH), the former Sara Lee, DE Master Blenders 1753(DEMBF) announced today that it had found accounting irregularities, and would be restating results. These are definitely words no investor wants to hear, and they tend to get bigger the more they get looked at. Here is how the company describes… Read More »
Twenty seven years after Consolidated Foods became Sara Lee, Sara Lee is retiring as a corporate name. Months of preparation culminated in a flurry of activity today, in which Sara Lee shareholders received a goodie bag containing 1 share of D.E. Master Blenders 1753(DEMBF), an international coffee company trading in Amsterdam, a $3 special cash dividend, and 0.2… Read More »