Purina
In 1894, George Robinson, William H. Danforth, and William Andrews started Purina by feeding farm animals in their spare time. They had no idea that their discovery would make them extremely wealthy. Despite the fact that Nestle is better known for its food products than its pet products, the Swiss corporation purchased Purina in December 2011 for $10.3 billion.
Purina
Purina and Friskies PetCare, the company’s pet food division, were integrated as part of the company’s strategy to integrate Purina and Friskies. Purina, on the other hand, has remained a household staple not only in the United States but also around the world.
Firestone
On the other hand, the deal did not go over well with everyone. The tire manufacturer Firestone announced that it would merge with Pirelli, an Italian company. This was one of the reasons why Firestone decided to sell to Bridgestone Corp. of Japan rather than go public. The Tokyo-based company paid $2.6 million for the stock, which works out to $80 per share.
Firestone
Bridgestone has now surpassed General Motors as the country’s second-largest tire manufacturer as a result of this decision. “The Bridgestone offer achieves our objective of increasing shareholder value and will materially increase the employment security and career opportunities available to the men and women employed by Firestone’s existing businesses,” a Firestone representative said in an interview with the Los Angeles Times.
