M&A – Page 33
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Comment & OpinionGSK consumer spin-off will create a major player in a sector ripe for consolidation
With so much focus on the remaining pharma business it’s been somewhat overlooked what a significant company the new consumer business will be.
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NewsCity News: Morrisons bid could be catalyst for rerating of supermarket stocks
The rejected £5.5bn CD&R bid promoted a share price surge across the sector
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News2 Sisters continues branded exit with bakery sale plan
Brands up for sale include Lancashire pie maker Holland’s and Irish sausage roll producer Portumna
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Analysis & FeaturesWhat does £5.5bn takeover tussle mean for Morrisons?
Clayton Dubilier & Rice has form in UK retail. Is its bid likely to succeed, and what would the implications be for Morrisons and the sector?
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NewsLambrini brand sold after year of plunging sales
The sale comes on the back of a disappointing year in the mults for Lambrini
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Analysis & FeaturesWhy did Pilgrim’s Pride pounce on Kerry’s meat business?
What made the deal a good fit for both parties? And what next?
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Comment & OpinionMorrisons takeover: where’s the succession plan?
The potential retirement of David Potts and Andy Higginson puts a huge weight on heir apparent Trevor Strain in a takeover scenario
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NewsItsu sells stake to PE house Bridgepoint as grocery sales soar
Asian-inspired brand Itsu has sold a significant minority stake to PE firm Bridgepoint as sales of its grocery brand soars in supermarkets.
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NewsKerry Group agrees €853m acquisition of preservatives maker Niacet
It follows an announcement on Friday that the Irish group had agreed to sell its UK and Ireland consumer foods business to Moy Park owner Pilgrim’s Pride
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NewsMorrisons shares balloon more than 30% after it rejects £5.5bn offer
US private equity giant CD&R, which counts former Tesco boss Terry Leahy as an operating partner, now has 28 days under City takeover rules to table a new offer or walk away
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NewsGood Food Fund signs up Better Nature and Spare Snacks brands
Better Nature and Spare Snacks join the 12-month programme and will receive business support
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NewsKerry agrees €819m sale of meats and meals business to Pilgrim’s Pride
Kerry Group has agreed to sell its UK and Ireland meats and meals business to Pilgrim’s Pride to focus on its taste and ingredients business
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NewsIssa brothers’ Asda takeover gets final CMA approval
The Competition & Markets Authority has said it accepts undertakings for the acquisition
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NewsUnilever grows DTC empire with Paula’s Choice deal
Unilever has agreed to acquire digital-led skin care brand Paula’s Choice as it continues to widen its exposure to the growing DTC market
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NewsCity Snapshot: Just Eat Takeaway.com ties up £5.8bn Grubhub acquisition
Just Eat Takeaway.com has announced this morning it has finally completed the US$7.3bn (£5.75bn) deal to acquire Grubhub US food delivery rival Grubhub
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NewsCity News: Reckitt shareholders’ relief at sale of Chinese infant formula business
The group will continue to own the Mead Johnson and Enfa brands
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Analysis & FeaturesWhat does the union of Fox’s and Burton’s mean for biscuits?
Following Ferrero’s deal, the third-largest biscuit maker in the UK market has been created. So where does Burton’s fit into its plans?
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NewsLivekindly Continues acquisition drive after snapping up Dutch Weed Burger brand
The deal will allow the Amsterdam-based seaweed burger brand to expand into the UK and other countries
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NewsCity Snapshot: Reckitt Benckiser offloads baby milk business in China for $2.2bn
Reckitt Benckiser has agreed to sell its struggling baby formula business in China to a global investment firm for $2.2bn (£1.6bn). Plus, Tesco and Carrefour call it a day on purchasing alliance; and English sparkling wine producer Gusbourne increases sales thanks to DTC and international shift during Covid.
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NewsFerrero beats rivals to acquire Burton’s Biscuits for £300m
The deal continues the Italian confectionery giant’s expansion into the sweet biscuit category