Talk that the sale of Cadbury Schweppes’ European drinks arm, announced this week, could raise as much as £1.4bn and that the sale made the company a more attractive takeover target lifted the shares 1.5% to 569.5p.
Oriel Securities said it regarded the disposal as positive for the share price.
It said the deal demonstrated a clear focus by management, it would speed up group underlying sales growth and the possibility of being acquired.
Financial Times (Money & Business) 03/09/05 page 19 (Markets Week UK – London)
