Vrak
24-12-2004, 01:02
Associated Press
In a much-anticipated move, the North Pole corporation completed their take over of Easter Bunny incorporated today. North Pole, a large toy manufacturing and distribution company with such famous brand names as “Santa Claus” and “Rudolph” stated today that the year-long negotiations between the companies are now finalized.
“We’re really excited about integrating Easter Bunny operations into our own,” said Rudolph, Santa Claus’ top aide and CFO, “since they fulfill a market niche that we just could not make headway in. Also, this merger ties in with our long term growth strategy. Plus, we expect the Easter Bunny strong brand name to produce strong results in the spring quarter.”
Some critics warn that North Pole is growing too much, too fast and that the growth figures that have been reported are merely due to acquisitions. The increasing debt load taken on by North Pole is causing concern in some circles but most investment analysts still rate it a “buy”. At least 5000 jobs are expected to be cut due to the latest merger.
The Great Pumpkin, CEO of Halloween Corp and long-time rival of Santa Claus was openly critical of the deal.
“This is further proof that North Pole is a monopolistic company that has no regard for the consumer. It’s time that the regulators step in and break up them up,” he said in a phone call interview.
North Pole has a minority stake in New Year’s Day Ltd. and Valentine’s Day Inc.
OOC: Merry Christmas everyone.
In a much-anticipated move, the North Pole corporation completed their take over of Easter Bunny incorporated today. North Pole, a large toy manufacturing and distribution company with such famous brand names as “Santa Claus” and “Rudolph” stated today that the year-long negotiations between the companies are now finalized.
“We’re really excited about integrating Easter Bunny operations into our own,” said Rudolph, Santa Claus’ top aide and CFO, “since they fulfill a market niche that we just could not make headway in. Also, this merger ties in with our long term growth strategy. Plus, we expect the Easter Bunny strong brand name to produce strong results in the spring quarter.”
Some critics warn that North Pole is growing too much, too fast and that the growth figures that have been reported are merely due to acquisitions. The increasing debt load taken on by North Pole is causing concern in some circles but most investment analysts still rate it a “buy”. At least 5000 jobs are expected to be cut due to the latest merger.
The Great Pumpkin, CEO of Halloween Corp and long-time rival of Santa Claus was openly critical of the deal.
“This is further proof that North Pole is a monopolistic company that has no regard for the consumer. It’s time that the regulators step in and break up them up,” he said in a phone call interview.
North Pole has a minority stake in New Year’s Day Ltd. and Valentine’s Day Inc.
OOC: Merry Christmas everyone.