All Mergers and acquisitions articles – Page 33
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NewsCanned wine brand Hun sold to owner as rival brand Babe exits UK
Hun, which was backed by Waitrose executive director James Bailey, has been acquired by its wine supplier Origin Wine after running aground
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NewsPhilip Morris International agrees $16bn deal for Swedish nicotine pouch player
Swedish Match, the European producer of oral nicotine pouches, has agreed a $16bn deal to sell to global tobacco giant Philip Morris.
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NewsMorrisons confirms McColl’s rescue package
Morrisons has confirmed it has agreed to buy convenience chain McColl’s from administration, saving all 16,000 jobs
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Comment & OpinionMcColl’s has been saved, but the real work starts now for Morrisons
The Morrisons deal appears to secure the immediate future of McColl’s stores, the jobs of its 16,000 employees and its pension fund, but business as usual is not an option if it wants to make it work long term
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NewsMorrisons set to win McColl’s rescue battle
Morrisons has reportedly seen off EG Group to secure a rescue package for stricken convenience chain McColl’s
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NewsCity Snapshot: Morrisons and EG Group improve bids in fight for McColl’s
Morrisons and EG Group are reportedly locked in a two-way fight to rescue convenience chain McColl’s after both made a last-ditch improvement to their bids
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NewsMcColl’s falls into administration after rescue talks fail
Convenience chain McColl’s has fallen into administration after failing to agree a financing package to ensure its survival
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NewsCity snapshot: McColl’s ‘increasingly likely’ to fall into administration
Beleaguered convenience chain McColl’s has admitted it is on the brink of administration as rescue talks to save the group come to a head
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NewsValeo enters North America with Canadian maple syrup acquisition
Valeo Foods has expanded its footprint into North America by agreeing a deal to buy Canada-based maple syrup producer Les Industries Bernard & Fils
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NewsMorrisons takeover set to clear final hurdle after CMA accepts forecourt disposal plan
CD&R has offered to divest 87 of MFG’s petrol stations to “a purchaser or purchasers to be approved by the CMA”.
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NewsFood and drink M&A withstands the pressure of inflation
Grant Thornton’s new quarterly M&A analysis found the 35 completed transactions in the quarter broadly matched total deal volumes in the previous three quarters
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NewsCapVest to build new global snacking player with Second Nature Brands acquisition
Private equity player CapVest has acquired US-based better-for-you snacks player Second Nature Brands as it seeks to establish a new platform for alternative snacking.
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NewsWholesaler Dunsters Farm acquires The Little Food Company
The Little Food Company operations director Mark Keats will stay on to manage day-to-day operations
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsPoundland drops online supplier founded by high street rival Chris Edwards
Gem Imports previously supplied Poundshop.com but the relationship is ending following Poundland’s acquisition of the online discounter
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Analysis & FeaturesWhat does Weetabix owner have in mind for protein drink Ufit?
Weetabix is moving beyond breakfast and into the chilled aisle
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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NewsIRCA ingredients firm sold by Carlye to Advent International
The group suppliers a range of customers such as patisseries, gelato parlours, hotels, restaurants and confectionery manufacturers with specialty ingredients for artisanal pastries, cakes and ice cream.
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NewsKestrel Foods acquires non-HFSS granola brand Just Live a Little
The deal signalled its “ongoing commitment to becoming an innovative leader in the plant-based snacking market”, said Kestrel Foods
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NewsMorrisons new owners look to speed up refinancing despite profits warning
Sources said despite the gloomy predictions in the update given yesterday, it had “cleared the way” for CD&R to seek bank support to refinance more than £6bn of short-term borrowing