US-based pork producer and processor Smithfield Foods has reported a 62.6% decline in net earnings to $29.7m for the fourth quarter of 2013, compared with $79.5m for the same period a year ago due to rise in feed costs and decline in hog ...
Tags: Smithfield Foods, Net Income
US-based Dole Food has received a proposal from David H. Murdock, the company's chairman of the board and CEO, to acquire all of the outstanding shares of common stock which are not already owned by him in a deal which values the company at ...
B&G Foods has agreed to acquire US-based snack food manufacturer Robert's American Gourmet Food from private equity firm VMG Partners and other parties in an all-cash deal of $195m. The acquisition is part of B&G Foods' strategy to ...
Shuanghui International has agreed to acquire US-based pork producer and processor Smithfield Foods in an all-cash deal valued at $7.1bn, including the assumption of net debt. Shuanghui International is the majority shareholder of Henan ...
c, a US-based cereal brands manufacturer, has acquired the branded and private label cereal, granola and snacks business of Hearthside Food Solutions in an all-cash deal worth $158m. Hearthside Food Solutions is a portfolio company of the ...
Tags: Post Foods, Food Solutions
Post Holdings, the parent company of Post Foods and a manufacturer of ready-to-eat cereals, has reported that its net earnings for the second quarter of 2013 decreased 51.4% to $5.1m, compared with $10.5m for the same period in 2012. For ...
Tags: Attune Foods, Food
Post Foods, a US-based cereal brands manufacturer, has agreed to acquire the branded and private label cereal, granola and snacks business of Hearthside Food Solutions in an all-cash deal worth $158m. Hearthside Food Solutions is a ...
Tags: Post Foods, Food Solutions
Intel-owned security software vendor McAfee is to acquire Finnish firewall software maker Stonesoft in a $389m (£250m) cash deal. The deal, subject to the agreement of Helsinki Stock Exchange-listed Stonesoft's shareholders, will ...
Tags: Stonesof, Computer Products
Dutch retail giant Ahold has sold its stake in ICA, the Sweden-based retailer, to co-owner Hakon Invest. The SEK1.2bn (US$1.6bn) cash deal, announced this morning (11 February), will see Hakon take Ahold's 60% stake in ICA. Hakon already ...
Tags: Ahold, stake, ICA, Hakon Invest
Former Apple CEO Steve Jobs threatened Palm with a patent lawsuit if it did not enter into an agreement in which the companies pledged not to hire employees from each other, unsealed court documents show. Jobs threatened Palm with ...
Tags: Apple, patent lawsuit, company news
2 Sisters Food Group has won a new supply contract that will create 100 jobs at its Nottinghamshire sandwich manufacturing facility, Solway Foods. 2 Sisters is creating 100 jobs in sandwich manufacturing Solway Foods makes fresh ...
Tags: 2 Sisters Food Group, contract, sandwich manufacturing facility
Microsoft's $1.2 billion acquisition of Yammer has been finalized, less than a month after the companies announced the cash deal. Yammer will become part of Microsoft's Office Division, which is led by its president, Kurt DelBene. Yammer ...
Tags: Microsoft, acquisition, Yammer, cash deal
Swiss commodities trader Glencore International has announced that it has received approval from the Canadian government for C$6.1bn ($6.01bn) acquisition of grain handler Viterra. Glencore, which has been in discussion with the ...
Tags: Glencore International, acquisition, grain, Viterra
Mediatek plans to acquire 40% to 48% of MStar through the offer Taiwanese semiconductor giant MediaTek has agreed to acquire smaller rival MStar Semiconductor in a combination of stock and cash deal worth $3.8bn. MediaTek is offering ...
Tags: Mediatek, MStar, semiconductor, MStar Semiconductor
New Jersey-based food group, B&G Foods, has acquired the New York Style and Old London brands from Chipita America in an all-cash deal worth around US$62.5m. The deal marks the company's first foray into the snacks category. B&G said it ...
Tags: production plant, New York Style, B&G Foods