Specialized Packaging Group (SPG), a North American engineering and protective packaging firm with over 1,000 employees across 16 plants, announced that President and CEO Paul Gaulin has repurchased Investissement Québec's stake in ...
Tags: SPG, packaging systems, Investissement
The Finish Line Inc. (NASDAQ:FINL) reported consolidated net sales were $453.5 million, up 2.3 percent over the prior year period thanks in part to a 1.5 percent increase in comparable store sales. Net income came in at $9.6 million, or ...
Automotive and energy storage firm Tesla Motors has offered to acquire SolarCity for about $2.86bn. Tesla Motors CEO Elon Musk is the major shareholder in both the companies with 19% in Tesla and 22% in SolarCity. The company is ...
Tags: Tesla Motors, electric vehicles
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
Under Armour Inc. announced the final distribution ratio for its upcoming $59 million dividend to holders of the company's Class C non-voting common stock in satisfaction of the previously announced settlement agreement entered into by the ...
Tags: C stock, cash, fractional shares
Sky has pledged to air the UK’s very first 24-hour eSports TV channel, nudging professional gaming further into the mainstream. The new channel – Ginx eSports TV – will be available on channel 470 in the Sports section ...
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
UK based packaging maker RPC Group has agreed to acquire packaging firm British Polythene Industries (BPI) in a deal worth about £261m ($379m). Under the terms of the deal, each shareholder of BPI will receive 470 pence in cash and ...
Tags: Polythene Industries, packaging
Vietnamese dairy firm Vinamilk has decided to eliminate its 49% foreign ownership limit to facilitate overseas investment into the company which is valued at $7.85bn. The company has not set a timeframe on when the current limit would be ...
Tags: Vinamilk, Vinamilk investor
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
Driverless cars are expected to take the world by storm from 2020 onwards, and BMW is already planning its entry. BMW has announced that it plans to release a fully functional autonomous vehicle as soon as 2021. It’s one of the ...
Australian dairy processor Burra Foods has signed an agreement with dairy farming company Inner Mongolia Fuyuan Farming, allowing the company to gain a majority shareholding in it. The move is part of Burra's growth plans to improve ...
Tags: Burra Foods, dairy processor
Holman Automotive will acquire Kuni Automotive to create one of the largest privately owned dealer networks in the US. The acquisition, expected to be finalized this summer, will create a bi-coastal dealer network with 33 dealerships and ...
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