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« The compression of time in China | Main | Protection racket »
Thursday, March 26, 2009 at 3:57 AM
3:57AM

Coke overreach?

DateThursday, March 26, 2009 at 3:57AM

ARTICLE: China rejects Coke's bid to buy juice maker, AP, March 18, 2009

A tit for no particular tat and yet a sign of rising economic nationalism nonetheless.

Smart money says Coke simply picked the wrong takeover target. You typically want to grab #2 or #3 in the industry, not the #1. So frankly, while disturbing in a big picture sense, I see this more as a tactical error on Coke's part.

(Thanks: Jeff Jennings)

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