1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios Podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,439 Speaker 1: harnessing the power of Bloomberg Data Stack Movers. 4 00:00:18,440 --> 00:00:20,319 Speaker 2: It's a great podcast and we do it in real 5 00:00:20,400 --> 00:00:23,120 Speaker 2: time to give give you the best we can about 6 00:00:23,120 --> 00:00:26,440 Speaker 2: the character of the movement in the market. For John Tucker, 7 00:00:26,480 --> 00:00:29,840 Speaker 2: what he sees here is w K Kellogg. It is 8 00:00:29,880 --> 00:00:34,040 Speaker 2: a takeout of Ferrero on the serial part of the Great, 9 00:00:34,120 --> 00:00:38,840 Speaker 2: Great American franchise, John Tucker. You start with Kellogg's because 10 00:00:38,880 --> 00:00:42,400 Speaker 2: you had apple jacks every morning as well, and. 11 00:00:42,360 --> 00:00:44,239 Speaker 3: They still have them upstairs. But I can't eat them 12 00:00:44,240 --> 00:00:48,080 Speaker 3: anymore because I'm too fast, is Lisa Mateo? Yeah? Anyway, 13 00:00:48,320 --> 00:00:52,560 Speaker 3: it is official, just crossing the Bloomberg Ferrero Group buying 14 00:00:52,600 --> 00:00:54,840 Speaker 3: a W. K. Kellogg. The price tag here twenty three 15 00:00:54,920 --> 00:00:57,720 Speaker 3: dollars per share, at least according to the press release. 16 00:00:57,760 --> 00:01:01,120 Speaker 3: I'm looking at the Vrero Group and WKKA announcing that 17 00:01:01,400 --> 00:01:04,800 Speaker 3: they've entered into the definitive agreement under which Ferrero's agreed 18 00:01:04,880 --> 00:01:09,680 Speaker 3: to acquire wk Kellogg twenty three dollars to share in cash. 19 00:01:09,840 --> 00:01:12,360 Speaker 3: So the total enterprise value of this deal three point 20 00:01:12,480 --> 00:01:17,240 Speaker 3: one billion. Yeah, I thought there's going to be more 21 00:01:17,600 --> 00:01:21,200 Speaker 3: Kellog shareholders get twenty three dollars well per share in cash, 22 00:01:21,319 --> 00:01:24,440 Speaker 3: forty percent premium to the I guess it would be 23 00:01:24,440 --> 00:01:28,440 Speaker 3: the thirty day volume weighted average trading price. It's kind 24 00:01:28,480 --> 00:01:33,759 Speaker 3: of interesting. Ferrero controlled by Giovanni Ferrero, the confectionery company. 25 00:01:34,160 --> 00:01:38,520 Speaker 3: They've actually been on an acquisition spree in recent years, 26 00:01:38,959 --> 00:01:42,520 Speaker 3: targeting brands and the cross heres of health regulators and 27 00:01:43,120 --> 00:01:47,800 Speaker 3: changing consumer trends. They bought Fanny Made Chocolates that boosted 28 00:01:47,840 --> 00:01:52,880 Speaker 3: the manufacturing capabilities in the premium chocolate market in the US. 29 00:01:53,560 --> 00:01:57,520 Speaker 3: They also snapped up Nesley's US confectionery arms, so they 30 00:01:57,600 --> 00:02:04,360 Speaker 3: got brands like Butterfinger, Baby Roofs, and also Wells Enterprises 31 00:02:04,400 --> 00:02:08,160 Speaker 3: they make Bomb Pops and Blue Bunny ice cream. This 32 00:02:08,320 --> 00:02:11,240 Speaker 3: is basically covering all the major food groups it. 33 00:02:11,280 --> 00:02:14,560 Speaker 2: Is they maybe they'll pick up Domino's Pizza. It'll be 34 00:02:14,600 --> 00:02:15,160 Speaker 2: a home run. 35 00:02:15,240 --> 00:02:19,120 Speaker 3: Next. Delta restoring its fiscal guidance for the year, the 36 00:02:19,160 --> 00:02:22,079 Speaker 3: airline saying it now expects full year earnings per share 37 00:02:22,120 --> 00:02:25,480 Speaker 3: to be five twenty five to six twenty five per share, 38 00:02:26,160 --> 00:02:28,440 Speaker 3: the midpoint of that range actually ahead of analysts four 39 00:02:28,560 --> 00:02:31,240 Speaker 3: camps of five point thirty eight. The year is shaping 40 00:02:31,320 --> 00:02:33,960 Speaker 3: up to be a little slower actually than Delta had 41 00:02:33,960 --> 00:02:37,520 Speaker 3: originally anticipated. Now, the last time Delta shared guidance, this 42 00:02:37,720 --> 00:02:41,880 Speaker 3: was back in January, it was projecting earnings that would 43 00:02:41,919 --> 00:02:46,080 Speaker 3: be greater than seven thirty five a share. Now expects 44 00:02:46,120 --> 00:02:48,760 Speaker 3: full year earnings again five twenty five to six twenty 45 00:02:48,800 --> 00:02:51,960 Speaker 3: five range. So there you go. 46 00:02:52,160 --> 00:02:55,320 Speaker 2: I was on their website yesterday. You know, what a shock. 47 00:02:55,360 --> 00:02:56,000 Speaker 3: Where are you going? 48 00:02:56,760 --> 00:02:57,360 Speaker 2: No, I'm not. 49 00:02:57,560 --> 00:02:59,040 Speaker 3: It wasn't with your credit skin. 50 00:02:59,320 --> 00:03:02,600 Speaker 2: My credit art as a child moved across the nation, 51 00:03:03,160 --> 00:03:06,600 Speaker 2: and it's a pretty They've really smoothed out the website experience. 52 00:03:07,320 --> 00:03:09,720 Speaker 3: Okay, you know last time I traveled all of them 53 00:03:10,240 --> 00:03:11,360 Speaker 3: to Bayonne. 54 00:03:11,080 --> 00:03:13,839 Speaker 2: And I didn't need a jet a jet. Next, Yeah, 55 00:03:13,880 --> 00:03:14,400 Speaker 2: one more. 56 00:03:14,639 --> 00:03:18,959 Speaker 3: Of course, President Trump another threat to impose fifty percent 57 00:03:19,040 --> 00:03:22,959 Speaker 3: terrence on Brazil. This isn't over any trade deficit because 58 00:03:23,000 --> 00:03:25,200 Speaker 3: they don't have one with the US. This is over 59 00:03:25,480 --> 00:03:29,640 Speaker 3: internal another country's internal politics. But that leads us to 60 00:03:29,680 --> 00:03:33,920 Speaker 3: the stocks. You have some Brazil exposed US stocks in 61 00:03:34,040 --> 00:03:38,760 Speaker 3: Braier ticker symbol e r J. They're the airplane manufacturer. 62 00:03:38,760 --> 00:03:41,760 Speaker 3: They're actually they're a Brazilian airplane manufacturer, but they are 63 00:03:41,760 --> 00:03:45,960 Speaker 3: listed in the United States. Whirlpool. They have a bunch 64 00:03:45,960 --> 00:03:51,000 Speaker 3: of manufacturers. Yeah, they have manufacturing facilities in Brazil. Veil, 65 00:03:51,440 --> 00:03:57,320 Speaker 3: the Brazilian commodity al Yeah again listed here. Mosaic, the 66 00:03:57,320 --> 00:04:00,960 Speaker 3: fertilizer company. Forty percent of the revenue comes from Brazil. 67 00:04:01,600 --> 00:04:07,040 Speaker 3: Coca Cola, they have sugar sourcing in Brazil, also sales there. 68 00:04:07,160 --> 00:04:14,320 Speaker 3: Fond I stole us from crete. Archer Daniels Midland a 69 00:04:14,480 --> 00:04:17,880 Speaker 3: d M has ports in Brazil and one of the 70 00:04:17,960 --> 00:04:22,320 Speaker 3: key markets also Brazil for Archer Daniels Midland. 71 00:04:22,839 --> 00:04:26,960 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 72 00:04:27,040 --> 00:04:29,800 Speaker 1: us throughout the day for the latest roundup of companies 73 00:04:29,839 --> 00:04:32,880 Speaker 1: making news on Wall Street and for the latest market 74 00:04:32,920 --> 00:04:37,279 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. 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