All Mergers and acquisitions articles – Page 106
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NewsNissin agrees to buy 17.3% of Premier Foods
Japanese Food Group Nissin strengthens Premier Foods partnership with share purchase agreement
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NewsPremier Foods rejects McCormick approach for Nissin Foods tie-up
Oxo and Mr Kipling owner Premier Foods has rejected a 60p per share cash approach from US food giant McCormick, instead opting to forge a strategic partnership with Japan’s Nissin Foods.
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NewsCity snapshot: Premier Foods rejects McCormick bid
McCormick bid 52p per share on 12 February and upped its offer last week
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NewsMPM Products eyes bigger share of global petfood market after £50m deal
Luxury petfood manufacturer MPM Products is set to accelerate international growth after selling a majority stake to ECI Partners for £50m.
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NewsSainsbury’s makes improved £1.4bn bid for Argos owner Home Retail Group
Sainsbury’s has confirmed it has made a tweaked £1.4bn bid for Home Retail Group after its rival in the bidding battle pulled out of the race today.
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NewsSteinhoff pulls out of Home Retail bidding battle
South African retail group Steinhoff has decaled it has “no intention” of making a formal offer for Home Retail, leaving the coast clear for Sainsbury’s to take over the Argos owner.
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NewsBidvest Foodservice strengthens with Caterfood acquisition
Caterfood will remain under its current management and retain all staff
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NewsHalewood picks up 50% stake in The Pogues Irish Whiskey
The band retains ownership of the other 50% of the product made by West Cork Distillers
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NewsDelhaize and Ahold merger gains final European clearance
Delhaize and Ahold have been given the green light by competition watch dogs in Belgium for the proposed merger of the two European food retailers.
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NewsAhold and Delhaize shareholders give merger green light
Shareholders at European food retailers Ahold and Delhaize have voted overwhelmingly in favour of the proposed €9.8bn merger of the two groups.
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NewsTesco could attract major third party investment for O2 buyout
Tesco is currently in talks with O2 in a bid to buy its share of Tesco Mobile
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NewsXPO Logistics to maintain Aldi transport equipment
Logistic giant will carry out maintainance on 22m Aldi plastic crates a year
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NewsCulina Group agrees deal to buy rival Great Bear
Culina Group has bought Great Bear Distribution to create a £400m-plus company
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NewsAhold and Delhaize boosted by “strong” fourth quarters ahead of merger
European retailers Ahold and Delhaize have both posted improved in fourth quarter revenues ahead of their merger later this year.
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NewsAB InBev agrees Chinese sale of SABMiller Snow Breweries joint venture
AB InBev has agreed to sell SABMiller’s stake in Chinese joint venture Snow Breweries for $1.6bn (£1.1bn) as it seeks to conclude the ‘megabrew’ merger
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NewsKitwave Wholesale completes major new refinancing deal
Kitwave Wholesale Group supplies independent c-stores from 15 depots across the UK
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NewsFood ingredients firms Silbury and Portal Foods agree £45m merger
Food ingredients distributor Silbury has agreed to merge with pizza ingredients supplier Portal Foods to create a new £45m company.
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NewsMalton Foods acquires Simpsons pudding business
Malton Foods has snapped up the ambient pots, pouches and canned pudding business from troubled Simpsons Foods.
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NewsBrakes takeover by Sysco will boost its credit quality, says Moody’s
Ratings agency Moody’s has welcomed Sysco’s $3.1bn deal to buy Brakes and put the latter’s rating on review for upgrade because of the debt paid down as part of the deal.
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NewsBrakes to be engine for Sysco Euro drive after $3.1bn buyout
Brakes will continue to operate as a standalone outfit within Sysco, led by CEO Ken McMeikan