Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Is there anything tastier than Russian kefir? Not according to PepsiCo
So what: Pepsi's been dueling with Coca-Cola
Now what: Following its offer to buy 66% of Wimm, Pepsi will invite all other shareholders to tender their shares at the offer price -- about $33 per ADR. Therefore, if you missed out on the initial share price lurch, there's probably only about another 5% of profits to be had here, and only if the Russian Anti-Monopoly Committee approves the sale. There's always the possibility a bidding war will break out, but so far, Coke and Pepsi have avoided stepping on each other's toes in Russia. Dr Pepper Snapple
Basically, if you didn't own Wimm-Bill-Dann before today, there's little reason to do so now.
Want to watch how this all plays out? Add Wimm-Bill-Dann to your watchlist.