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Forum List » Guru News and Commentaries Guru News, Stock picks and commentaries  
Wilbur Ross Thinks More Takeovers in the Consumer Product Sector Will Follow the Heinz Deal
Posted by: CanadianValue
(IP Logged)
Date: February 14, 2013 06:03PM
Head to the 1:40 mark of the video for where Wilbur Ross comes in and makes the following observations: - He likes the new Buffett deal which is at a good multiple for a company with a premium group of brand names. - Ross thinks Europe is going to stay into recession into next year because every country is going through some form of austerity. - The spree of deal making is being driven by the good stock market which emboldens that acquiring companies and because companies have a lot of cash on their balance sheets. - Ross sees more takeovers in the consumer product sector.
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