Bucking The Trend: San Miguel Diversifies Via Cross-Sector M&A

Just last week, CFW examined Oracle's bid for Phase Forward, which exemplifies a growing trend, whereby technology companies are acquiring health-related companies in a cross-sectoral acquisition strategy. So far, this strategy seems to be confined to the tech-healthcare arenas, but there are some noteworthy exceptions in other sectors. At a time when most food and drink companies are shedding non-core assets and specialising in their core business, the sectoral diversification strategy of San Miguel, the Philippines' biggest food and drink company, singles it out as an outlier in the industry. The latest chapter in its diversification is its decision to

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