Dow Jones Investment Banker columnist Sameer Bhatia suggests that Cold Stone Creamery, Dunkin Donuts and Pinkberry could all possibly IPO in 2010. “Cold Stone Creamery owner Kahala Corp. is likely to take the company public while there’s still growth left in the business. They could also possibly sell it to Canadian coffee chain Tim Hortons, which operates 65 co-branded stores with Cold Stone and has the financial capacity to easily acquire it.” Bhatia continues, “Recent moves to strengthen the Dunkin Donuts executive team by adding general counsel and global customer, marketing, human resources and communications officers are indication of an upcoming IPO this year. Pinkberry’s global expansion makes it an alluring IPO candidate in the near future.”
Alessandro Pasetti, columnist, Dow Jones Investment Banker, thinks that a sale of Mead Johnson is compelling. “Mead Johnson’s spinoff from Bristol-Myers Squibb has paved the way for a sale of the business in the coming months. Mead Johnson is an attractive buy at a time when valuations in the sector still remain relatively low and food producers are facing an uphill struggle to grow organically. Nestle and Danone are obviously among the potential suitors.”
Dow Jones Investment Banker columnist Lisa Lee suggests that Six Flags could be up for sale in 2010. “The theme park company is entangled in a reorganization brawl between senior lenders, bondholders and directors. Theme parks have been a hunting ground for private equity, with Blackstone’s purchase of Busch Theme Parks and Apollo Global Management’s acquisition of Cedar Fair. Once out of bankruptcy, Six Flags will be a prime target, especially for Blackstone or Apollo.”
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