Merger and acquisition activity is lifting the bid for many consumer stocks. In the past few weeks, Fortune Brands (FO) said it would focus on its spirits business, including Jim Beam, and split off its consumer goods and sports products, making them ripe for acquisition. And an investor group headed by Kohlberg Kravis Roberts (KKR) is looking to unlock the value in Del Monte Brands (DLM), which it's acquiring for $5.3 billion.
Manufacturers of consumer products weren't uniformly impacted by the recession, mostly because some make necessities as well as simple luxuries.
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