US based health insurer UnitedHealth has successfully completed the first phase in the Brazil's Amil Participações acquisition program with the purchase of 60% outstanding shares from controlling shareholders and management. ...
US egg firm Cal-Maine Foods' first-quarter net profits has more than tripled as sales climbed on higher average market prices for shell eggs. In the three months ended 1 September, earnings surged to US$9.4m from $3.1m last year, the firm ...
Tags: CalMaine Foods, net profits, sales, shell egg
Mondelez International, formerly Kraft Foods, has completed the spin-off of its North American grocery business, Kraft Foods Group. The spin was completed yesterday (1 October). Mondelez and Kraft Foods Group will both trade on the ...
Tags: Mondelez International, Kraft Foods, grocery business, food industry
US own-label group Ralcorp Holdings, which today (27 November) agreed to a takeover bid from ConAgra Foods, returned to profit in its fiscal 2012 year, boosted by acquisitions made during the year. In the 12 months to the end of ...
Tags: Foods, Foods industry, profit, operating profit
The combination of SpringSoft's and Synopsys' verification technology portfolios will accelerate delivery of a unified SoC debug environment US based chip-design software developer, Synopsys has signed an agreement to acquire Taiwan's ...
Tags: SpringSoft, Synopsys, debugging processes, SoC debug
Couche-Tard's newly-formed subsidiary, Couche-Tard Norway, is to carry out a compulsory acquisition of the final shares it does not own of Statoil Fuel & Retail (SFR). Last month, the French retailer confirmed its 81.2% ownership of the ...
Tags: Statoil Shares, share of Statoil, compulsory acquisition
Canadian retailer Couche-Tard has purchased 27 stores in Eastern Washington State through its subsidiary Cirkle K. The Tri-Cities stores, which operate under the Sun Mart banner, were acquired from Sun Pacific Energy for an undisclosed ...
Couche-Tard has become the principal owner of Statoil Fuel & Retail (SFR). In an update on yesterday's (18 June) news that the group had announced settlement dates for its NOK53 (US$8.87) per share all-cash offer for SFR, Couche-Tard has ...
Tags: takeover bid, stakeholder, ownership
US egg firm Cal-Maine Foods has booked an increase in full-year profits as gains from a new venture in the speciality egg market more than offset higher costs from its fresh shell eggs. In the 12 months ended 2 June, net profit climbed ...
Tags: egg Foods, egg market, fresh shell eggs, eggs
General Motors has announced a plan to buy back 200 million shares of its stock currently held by the US government,purchased as part of a US$49.5 billion government bailout undertaken in the wake of the 2007-2008 global financial crisis. ...
Tags: GM, buy back US government bailout stock, Dan Akerson, stock buyback
Chinese food maker American Lorain has appointed a financial advisor to assess a "going private" proposal from its chairman and CEO for the takeover of the firm. A special committee of the company's board of directors, formed to evaluate ...
Tags: food maker, takeover, financial advisor
Canadian c-store chain Couche-Tard has booked an increase in first-half profits boosted by acquisitions. In the 24 weeks ended 14 October, earnings amounted to C$278.1m (US$279.7m), a 9.9% increase on the prior year period. The group said ...
Tags: acquisition, Couche Tard
Archer Daniels Midland has increased its takeover for Australian rival GrainCorp, which has so far rejected the US agribusiness giant's interest. ADM has tabled an offer worth A$12.50 a share, up from the A$11.75 GrainCorp turned down ...
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
Fairfax Financial Holdings’ RiverStone runoff subsidiary has signed an agreement with Brit Group to buy all the outstanding shares of Brit Insurance Limited (BIL) of London, England for an undisclosed sum. According to the insurer, ...
Tags: Fairfax, subsidiary, BIL, London