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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Tim Keen with Paul Smeni and Bloomberg's John Tucker. John,

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Speaker 2: I got to go back and remember you, and I

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Speaker 2: remember this, Sammsham and the Pharaohs nineteen sixty five. And

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Speaker 2: the key thing, Paul, you're too young, Paul to remember

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Speaker 2: this Kraft single American cheese slices.

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Speaker 3: Still in the fridge.

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Speaker 2: It was revolutionary versus the brick of them with the

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Speaker 2: green mold on them.

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Speaker 4: You'd come home from school and just like go through

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Speaker 4: one of the individually wrapped little cheese and growing on

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Speaker 4: a sandwich or whatever. It was ten years ago, the

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Speaker 4: mega deal that brought everybody together. So now Kraft Heine's

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Speaker 4: planning to split into two separate companies. One's going to

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Speaker 4: be made up of the win Heinz ketchup other iconic condiments,

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Speaker 4: the box meals that right now generates about fifteen fifteen

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Speaker 4: point four billion dollars in saleska. The second's going to

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Speaker 4: be the dogs, the slower well hot dogs, slower growing

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Speaker 4: grocery products including oscar Meyer hot dogs and lunchables. That

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Speaker 4: generates revenue of ten point four billion dollars in the

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Speaker 4: symbol salt s Alt, right stuff. So they haven't come

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Speaker 4: up with names for the new companies. So let's see

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Speaker 4: what happens. The stock down twenty one percent of the

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Speaker 4: pasts twelve months. The aim is to siphon off lagging

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Speaker 4: grocery staples into a new entity. This is going to

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Speaker 4: allow the faster moving products more room to run. Cref's

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Speaker 4: current chairman says, quote, the complexity of our current structure

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Speaker 4: makes it challenging to allocate capital effectively.

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Speaker 2: So Paul help me here. If you have synergies on

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Speaker 2: the time of a combination.

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Speaker 3: Exactly what do you have today? Syenergies mean synergization. Oh

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Speaker 3: my goodness.

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Speaker 4: The craft Line split. We've had similar breakups, like Kellogg,

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Speaker 4: They've broke into two firms in twenty twenty three. Curring

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Speaker 4: doctor Pepper said, it's going to undo that. The deal

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Speaker 4: there brought together. It's coffee and beverage business. So it's

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Speaker 4: the reverse activist investor Elliott Investment Management building a four

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Speaker 4: billion dollar steak roughly in PepsiCo. They planned to push

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Speaker 4: the beverage in sacks Chin to make changes to boost

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Speaker 4: their sagging share price. PepsiCo has been struggling to win

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Speaker 4: back soda drinkers. The food business also under pressure. By

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Speaker 4: the way, in the cold wars, I didn't know this.

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Speaker 4: The rankings go this way. Coke is number one, Doctor

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Speaker 4: Pepper's number two. Sprite, which also owned by Coke, is

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Speaker 4: number three. Pepsi has dropped a fourth place in the

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Speaker 4: US sales volume. Really, I din't know the sales. The

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Speaker 4: problems have only intensified in recent months. They're blaming tariffs

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Speaker 4: increasing price sensitive consumers. Now analysts had suggested PepsiCo could

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Speaker 4: look to Coke actually for fixes. Coca Cola completed its

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Speaker 4: refranchising initiative in twenty seventeen, so they returned the company

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Speaker 4: owned bottling operations to the local independent businesses. Some industry

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Speaker 4: watchers also arguing that as beverage business would fear better

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Speaker 4: as a standalone.

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Speaker 2: We're just eating.

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Speaker 3: Differently, right, I think some of the house is different. Yeah,

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Speaker 3: different brands. I mean, I mean, go I do look

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Speaker 3: at people when we're out in a bound The kids

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Speaker 3: are doing different stuff again, hot sauce on every single table,

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Speaker 3: replacing other stuff quickly.

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Speaker 4: JA the fintech company Clarinet Greve reviving the IPO that

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Speaker 4: was delayed earlier this year. The company and some of

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Speaker 4: the backers offering thirty four point three million years for

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Speaker 4: thirty five to thirty seven apiece. It was according to

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Speaker 4: a filing that took place this morning, with the SEC

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Speaker 4: at the top of the range, the company could have

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Speaker 4: a market value of app fourteen billion dollars. So look

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Speaker 4: for that IPA. They're trying to become a global digital bank.

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Speaker 4: Kind of the IPO market in the US kind of reviving.

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Speaker 4: So there you go.

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Speaker 1: This stock movers report from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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