All Mergers and acquisitions articles – Page 62
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NewsGreene King agrees £2.7bn takeover
Pub chain and brewer Greene King has agreed a £2.7bn takeover by a Hong-Kong listed international conglomerate CK Asset Holdings.
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NewsPoundland for sale as Steinhoff eyes €4bn Pepkor spin-off
Troubled South African retail giant Steinhoff is reportedly readying a €4bn sale or float of Poundland owner Pepkor Europe.
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NewsLuxury confectioner Bon Bon’s acquires rival HF Chocolates
The two luxury chocolate businesses will sit within the gifts unit of Bon Bon’s owner Lanchester Wines
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NewsValeo Foods in talks to acquire Kettle’s UK and Irish operations
City sources have confirmed to The Grocer the businesses are close to striking a deal, expected to be worth over £50m
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NewsIlly brings UK coffee distribution in house
Euro Food Brands has managed sales and distribution for over 25 years
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NewsKitwave acquires chilled product wholesaler Central Supplies
The deal marks Kitwave’s first major acquisition since it bought on-trade alcohol wholesaler HB Clark in 2016
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Analysis & FeaturesWill the future be bright for Majestic after Fortress deal?
The sale of Majestic’s retail estate to the US equity firm is a complicated one. So what lies ahead for Majestic and Naked
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NewsDiageo swoops for a majority stake in Seedlip
The deal – completed for an undislosed amount – follows Diageo’s minority investment in Seedlip in 2016
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NewsCity snapshot: Applegreen agrees $38m Connecticut plazas deal
Applegreen has further expanded in the US with the 40% acquisition of 23 highway services plazas in Connecticut for $37.6m. Plus, second quarter net sales rise 1.5% at Ahold Delhaize after a strike hits headline revenues and all the rest of the latest news from the City.
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsCranswick eyes non-meat growth with £43.5m Katsouris Brothers deal
British pork giant Cranswick has bolstered its non-meat credentials with the £43.5m acquisition of UK-based Mediterranean food specialist Katsouris Brothers.
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NewsMajestic Wine sold to US investment firm Fortress in £95m deal
Majestic Wine has sold its Majestic-branded retail division and its commercial business to US investor Fortress Investment Group for £95m. Plus, all the rest of the latest news from the City.
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NewsJust Eat agrees £9bn merger with Dutch rival Takeaway.com
Just Eat has agreed to merge with Dutch delivery firm Takeaway.com in an all-share deal to create a £9bn listed fast food delivery giant.
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NewsBrexit fears force down value of food and drink sector deals
Food and drink deal values more than halved in the second quarter as Brexit-related caution continued to stem the flow of larger deals.
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NewsBlack Sheep Coffee expands London footprint with Taylor St Baristas cafes acquisition
Independent coffee chain Black Sheep Coffee has acquired eight cafes from rival Taylor St Baristas ahead of the latter’s collapse into administration
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NewsPepsiCo agrees deal to buy Fruit Bowl parent company Pioneer Foods
PepsiCo has made a $1.7bn bid to acquire Pioneer Foods Group as it targets expansion in Africa.
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NewsCity snapshot: AB InBev sells Australian brewing arm to Asahi for $11.3bn
Anheuser-Busch InBev has agreed to sell its Australian beer business Carlton & United Breweries to Japanese brewing giant Asahi Group in a deal valued at US$11.3bn. Plus, travel food retail specialist SSP Group has grown revenues by 9.2% in its third quarter and all the rest of the latest news from the City.
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NewsMeat supplier Cheshire Food rescued out of administration
The Manchester-based meat wholesaler collapsed following a tough trading period which “rendered the company insolvent”
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NewsBidfood acquires Brighton-based wholesaler Elite Fine Foods
Elite delivers to more than 2,500 catering establishments across the UK from its seven multi-temperature sites
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NewsCrowdfunders burnt as Hop Stuff rescued from administration by Molson Coors
London-based craft brewer Hop Stuff has been sold to Carling owner Molson Coors in a pre-pack deal, wiping out £1.5m of crowdfunding investment.