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APPETITE FOR FOOD COMPANY MERGERS

In light of major industry consolidations during the past few weeks, Shelly Branch reports that smaller food companies are expected to merge in order to sustain growth and to gain leverage for their products. Analysts are eyeing Heinz, Campbell, Quaker Oats, Keebler Foods, and Ralston Purina as potential players. Prudential Securities analyst John McMillin comments: "They'll be somebody else's dinner before long." Another reason for the merger mania is that larger companies have more negotiating and pricing power when dealing with retailers. At the bottom of the article, you'll find a chart of recent consolidations in the industry.

Thu, 29 Jun 2000 04:29:06 -0700

Submitted by: Dino Manalis