[Freedom4US]

“The businessman may be best known for the sale of Snapple for $1.7 billion in 1994, and then selling it two years later for $1.7 billion, a return of 32 times equity.”

How do they figure that?

[PeterPrinciple]

“The businessman may be best known for the sale of Snapple for $1.7 billion in 1994, and then selling it two years later for $1.7 billion, a return of 32 times equity.”

How do they figure that?

---

The profit went to Hillarys furtures trading.

[mass55th]

"How do they figure that?"

It's that new math thingy.

[PeterPrinciple]

https://www.latimes.com/archives/la-xpm-1997-03-28-fi-42931-story.html

Closing one of the worst flops in corporate-merger history, Quaker Oats Co. agreed Thursday to sell Snapple Beverage Corp. to Triarc Cos. for $300 million, only 27 months after Quaker spent $1.7 billion to buy the maker of trendy drinks.

[plain talk]

God I love these editors. Provides some limited amusement in these troubled times.

[fhayek]

I think that ‘billions’ means something different in the UK as it does in the States. Think of it as a form of arbitrage...

[Eagles6]

Common core math?

[KarlInOhio]

Another article on yahoo said: After his firm bought Snapple for $135 million, investing only $28 million of its own money, Lee sold it to Quaker Oats Co. for $1.7 billion two years later after boosting revenue from $95 million a year to $750 million.

[_longranger81]

Math is ray-ciss.