Cabela's Inc. continues to explore selling World's Most Foremost Bank (WFB) and its retailing business in separate transactions even though such a sale could hurt the performance of both businesses, the company disclosed in a government ...
Tags: Cabela's Inc, WFB, shareholder value
HanesBrands, the parent of Hanes, Champion, Gear for Sport and a number of intimate apparel brands, said that as part of leadership succession plan, Chairman and Chief Executive Officer Richard A. Noll will be narrowing his role to ...
ConAgra Foods has entered into an agreement with Platinum Equity to sell its food ingredient sourcing and distribution company JM Swank for an undisclosed sum. The sale of JM Swank is part of ConAgra's strategy to restructure its ...
Tags: ConAgra Foods, Platinum Equity
Archer Daniels Midland Company (ADM) has acquired the remaining 60% stake in Brazilian natural extracts manufacturer Amazon Flavors. The financial details of the transaction have not been disclosed. ADM's WILD Flavors and Specialty ...
Tags: Amazon Flavors, natural extracts
Spice manufacturer McCormick & Company has dropped its plan to make further acquisition bid for Premier Foods. The announcement follows three proposals by McCormick for Premier Foods, which were rejected by the latter citing ...
Tags: McCormick, Premier Foods, Acquisition
Premier Foods has rejected the third offer from US-based spice manufacturer McCormick & Company, which had offered 65p per share of Premier Foods. Mr Kipling cakes maker said the proposal continued to undervalue Premier and its future ...
Tags: Premier Foods, McCormick&Company, Bid Offer
The Finish Line Inc. reported earnings for the fourth quarter before non-recurring items fell 11.6 percent to $36.5 million, or 83 cents a share. Earnings came in at the high end of its guidance calling for earnings between 78 and 83 cents ...
Tags: Non-adjustments, Q4 Profits, Finish Line
Western Digital has disclosed its agreement with Unisplendour (Unis), and Unis Union Information System (Unis Union), a subsidiary of Unis that agreed to make a US$3.775 billion equity investment in Western Digital, has been terminated by ...
Tags: Western Digital, SanDisk, storage
Supremex, a North American manufacturer and marketer of a broad range of stock and custom envelopes and growing provider of packaging and specialty products,announced strong results for the quarter and year ended December 31 , 2015 and ...
Tags: Supremex, envelope market
US-based chicken producer Pilgrim’s Pride has announced to invest $190m in a strategic growth plan to expand production of Pilgrim’s Pierce Chicken brand. The growth plan, which was initiated in the fourth quarter of 2015, ...
Tags: Pilgrim's Pride, prepared foods
Flowers Foods, Inc,producer of Nature's Own, Wonder, Tastykake, and other bakery foods, reported financial results for the company's fourth quarter and year ended January 2, 2016 and provided guidance for fiscal 2016. Reported results ...
Tags: Flowers Foods, EBITDA
Perry Ellis International Inc., which distributes several golf brands and makes Nike swimwear, appointed Joe Arriola to its board. Arriola is a former member of the Perry Ellis Board, having served as a director from 2006 until 2015. ...
Tags: Perry Ellis International Inc, golf brands, Sporting Goods
US-based packaged foods company Pinnacle Foods has entered into an agreement to acquire Boulder Brands for $975m, in a move that signifies the former’s expansion into health and wellness segments. The acquisition is expected to ...
Tags: Pinnacle Foods, refrigerated foods
US-based packaged foods company ConAgra Foods plans to split the company into two independent public companies – with one handling the consumer portfolio of various brands and the other managing its foodservice portfolio of frozen ...
Tags: ConAgra, potato, appetizer vegetable
US-based packaged food company ConAgra Foods has signed an agreement to sell its private label operations to TreeHouse Foods for $2.7bn in cash, which excludes transaction expenses. Under the agreement terms, ConAgra Foods will sell ...
Tags: ConAgra Foods, TreeHouse Foods