Word: coca-cola
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...field 100 miles (160 km) southwest of Tripoli. That thwarted a $390 million bid that China National Petroleum Corp. had made to acquire Venerex. Beijing hasn't done itself any favors either. It blocked--on antitrust grounds that analysts considered flimsy--a bid by Coca-Cola to buy a large, privately owned fruit-juice producer in China. "It gives [foreign] governments ammunition to use against Chinese acquisitions that wasn't available before," acknowledges a Hong Kong--based investment banker who is working on one of the resource deals...
...denied suitor: Coca-Cola, the iconic American brand that has 35 beverage factories in China, producing everything from soft drinks to milk tea. The industry in question: the fruit-juice business, heretofore never thought of as strategically vital in China or anywhere else. (See pictures of trade between China and Africa...
...investors, that test is now officially a failure. Together, Coke and Huiyuan's combined share of the orange-juice market - itself just a sliver of the overall nonalcoholic-beverage market - would have been around 20%. The segment Huiyuan dominates - undiluted OJ - is for pricier products and is relatively small. Coca-Cola's Minute Maid brand plays in the less expensive, larger segment of the market. (Read a TIME story on Coke...
...Ministry of Commerce's ruling. "From a purely competitive point of view, this would not have affected the [nonalcoholic-beverage] market," says Michael Gu, a lawyer specializing in corporate finance with the Zhong Lun Law Firm. Before the ruling, a source close to the deal from the Coca-Cola side said, "There is just not a competition issue, no matter how you look at it." He called the proposed acquisition a "marriage made in heaven...
...allow for improvement in the way Tibetans are treated. Whatever the possible outcomes, this last, desperate gesture is one that has to be made. The only alternative is for Dorje's son's sons and their sons to continue to live in a long, anguished twilight as communist cadres, Coca-Cola and Chinese immigrants slowly snuff out Tibet's unique heritage...