Swiss cocoa and chocolate products manufacturer Barry Callebaut has completed the acquisition of the cocoa ingredients business of Singapore-based Petra Foods for $860m. This acquisition makes Barry Callebaut the world's leading cocoa and ...
Tags: Cocoa Ingredients, Food
Australian packaging company Amcor has announced an agreement to acquire the flexible packaging operations of China-based Jiangsu Shenda Group for CNY350m ($57m). Following the acquisition of the business, which has sales of about CNY440m ...
Global pharma companies Sanofi, Novartis and GSK are competing to acquire the domestic formulations business of debt-burdening Elder Pharmaceuticals. People familiar with the matter were quoted by media sources as saying that Sanofi and ...
Tags: Domestic Formulations, Medicine
Sprint shareholders Tuesday set the stage for a potentially massive change in the wireless carrier competitive landscape by approving SoftBank's bid to buy 78%of the company for$21.6 billion. Sprint can use cash from the Softbank deal to ...
Tags: Sprint, SoftBank, Clearwire, acquisition
Taiwan-based LED packaging house Everlight plans to spend less than EUR10 million (US$13 million) to acquire 100% of a Germany-based lighting fixture firm, according to the firm. Everlight has been promoting own-brand Everlight Lighting ...
Tags: Lighting Fixture, Everlight
The Australian Competition and Consumer Commission will not oppose Archer Daniels Midland Company’s (ADM) proposed acquisition of GrainCorp Limited (GrainCorp). “The ACCC concluded that the proposed acquisition would be ...
Shell remains cautious regarding the potential of two onshore oil exploration blocks in Albania despite increasing its stake in the blocks from 50% to 75%, the company said Tuesday. The deal leaves operator, Canada's Petromanas Energy, ...
Tags: Oil Potential, Block Stake Hike
Amcor Australasia has signed an agreement to acquire packaging and industrial distributors in Far North Queensland, Joe’s Cartons business for an undisclosed value. Joe's Cartons' distribution warehouses centers at Innisfail, Tully ...
Tags: Cartons Business, Packaging
Western Digital plans to acquire sTec to boost its presence in the market for enterprise solid-state drives. The two companies have signed a definitive agreement under which sTec will be acquired by HGST, a wholly-owned subsidiary of ...
Tags: Western Digital, Computer Products
Japan-based underwriter Meiji Yasuda Life Insurance is engaged in advance negotiations to acquire a 15% stake in Thai Life Insurance, for nearly $700m. People familiar with the matter were quoted by Reuters as saying that the proposed ...
Tags: Service, Insurance, Life Insurance
Abraaj Group, a Dubai-based private equity firm, has agreed to acquire Danish Fan Milk International from the Emborg family from Aalborg together with the private equity fund Maj Invest Equity and the management. Fan Milk International ...
Tags: Abraaj, Milk, Agriculture&Food
The Government should retain its stand on the clarifications issued with regards to foreign direct investment (FDI) in retail, and should not relax any of the conditions under any pressure whatsoever, Confederation of All India Traders ...
Tags: Apparel
Microsoft is close to another restructuring that could see several senior managers moved sideways or leaving the company as it reduces its number of business units from eight to four. The restructuring is being prepared by a small group ...
Tags: Microsoft, Restructuring, Senior Manager
Financial representatives are attempting to forge a sale of some or all of chilled food firm Bakkavr’s UK facilities to 2 Sisters Food Group, according to a source within 2 Sisters. 2 Sisters has been highly acquisitive recently ...
Tags: Agriculture&Food, 2 Sisters, Bakkavor Next
MG Waldbaum, a subsidiary of Michael Foods, has entered into an agreement to acquire the assets of Primera Foods – a US-based producer of processed egg products. The deal includes Primera's manufacturing assets located in Britt, ...
Tags: Primera Foods, MG Waldbaum, Agriculture&Food