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Food Roundup: Coke Offer Juiced, Tyson to Pamper Pets, Trade Sanctions Delayed, and More

By Katherine Glover | Mar 18, 2009

China says “No” to Coke buy — The Chinese government rejected an attempt by the Coca-Cola Company to purchase the Hiyuan Juice Group, which controls 40 percent of China’s juice market. The government said the proposed $2.4 billion takeover would have had “an unfavourable impact on competition.” [Source: Just-drinks]

Tyson forms alliance with Freshpet — Tyson Foods has partnered with Secaucus, N.J.-based Freshpet Co. to produce deli-like food for pets. The refrigerated dog food will be targeted at customers who pamper their pets and buy them human-like products such as car seats and clothing. The two companies are betting that these pet owners will not decrease spending on such items despite the economy. “We want to make Freshpet huge,” a Tyson VP said. As part of the alliance, Tyson purchased a minority stake in Freshpet. [Sources: Meat & Poultry, Wall Street Journal]

US delays trade sanctions against Europe — Several retaliatory tariffs against European products — including a 300 percent tariff on Roquefort cheese — have been delayed one month to give trade officials more time to negotiate. The tariffs, added in the last days of the Bush Administration, are a WTO-sanctioned response to the EU’s ban on hormone-fed beef, but many believe the specifics of the last-minute changes also represented a personal and petty attack against France. “It reeks of ‘freedom fries,’” said a Los Angeles cheese seller. [Sources: Meat & Poultry, L.A. Times]

Antibiotics bill reintroduced — Rep. Louise Slaughter (D-NY) on Tuesday introduced the Preservation of Antibiotics for Medical Treatment Act, which would ban the use of antibiotics on animals that are not actually sick. Supporters of the bill say the overuse of such drugs is responsible for breeding new strains of antibiotic-resistant bacteria, affecting human health as well as animals. But the National Pork Producers Council is against the bill, saying it will lead to more sick pigs and higher production costs. The bill has been successfully opposed numerous times since it was first introduced in the 1980’s. [Sources: PR Newswire, Hoosier Ag Today, Reuters]

Trouble at World Water Forum — Two protesters were deported from an international World Water Forum in Turkey after unfurling a banner reading “No Risky Dams.” The forum convenes every three years to address issues of water scarcity around the globe. The protesters were members of California-based advocacy group International Rivers, and one of them stated, “Large dams have left a legacy of lies and loss. Continuing to build destructive dams will bring unacceptable risks to people and the planet.” Turkish police arrested and deported both activists. [Sources: ENS, AFP]

Katherine Glover is a Minneapolis-based print, radio and online journalist. She's written for Salon.com, Sierra Magazine and many others, and she does a weekly blog on immigration issues for MinnPost.

BNET User Analysis

Web Buzz:
  • Coca-Cola's $2.4 billion China Huiyuan deal at risk

    MarketWatch - 251 days 12 hours 28 minutes ago

    HONG KONG (MarketWatch) -- China has rejected Coca-Cola Co.'s $2.4 billion bid to buy China Huiyuan Juice Group, scuttling the largest-ever foreign takeover of a Chinese company. The Ministry of Commerce said the deal didn't meet its anti-monopoly laws because it would have given Coca-Cola (KO:KONews , chart , profile , moreLast:Delayed quote...

  • Motley Fool: Bad Coke news good

    Detroit Free Press - 222 days 17 hours 38 minutes ago

    Citing Coca-Cola's market dominance in carbonated soft drinks in China, the nation's Ministry of Commerce recently rejected Coke's bid to acquire China Huiyuan Juice Group (CHJ), fearing that the acquisition would limit competition in China's juice market. This may not be such bad news for Coca-Cola shareholders.

  • China blocks Coca-Cola bid for Huiyuan

    Financial Times - 251 days 6 hours 18 minutes ago

    China on Wednesday formally rejected Coca-Cola's proposed $2.4bn takeover of the country's leading juice maker on competition grounds. The decision by the country's Ministry of Commerce represents a major blow to multinational companies seeking to make acquisitions in China

  • China defends move to block Coke acquisition

    Globe and Mail - 249 days 20 hours 19 minutes ago

    China defended its rejection of Coca-Cola Co.'s attempt to acquire a major Chinese fruit juice maker, denying yesterday the decision was protectionist. The Commerce Ministry denied Coca-Cola's $2.5-billion (U.S.) bid Wednesday to buy Huiyuan Juice Group. "The Chinese government's rejection of Coca-Cola buying Huiyuan is an objective judgment...

  • Coca-Cola dismisses doubts over Huiyuan deal

    AP Food Technology - 264 days 3 hours 18 minutes ago

    Coca-Cola has reaffirmed its commitment to a $2.4bn bid to takeover China's Huiyuan Juice after the Chinese firm's chairman reportedly cast doubt on the deal.

 

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