Mergers and acquisitions in food sector pick up pace, says Gabelli fund manager: Watch for BellRing Brands, Campbell Soup – Campbell Soup (NASDAQ:CPB), WK Kellogg (NYSE:KLG), Kellanova (NYSE:K)
With the US Federal Reserve expected to cut interest rates in September, the food industry is ripe for consolidation. Accordingly Kevin DreyerCo-CIO of Value at Gabelli FundsLower interest rates generally stimulate M&A activity. “It’s important to note that falling interest rates tend to lead to an increase in M&A activity,” Dreyer told CNBC on Friday, […]