The spat between China's largest property developer Vanke and its current biggest shareholder Baoneng Group has continued to heat up. Vanke's President Yu Liang says the company is facing a "hostile takeover". Last week, Chairman Wang ...
Tsinghua Unigroup of mainland China announced on Dec. 11 to acquire a 24.9 percent holding in Siliconware Precision Industries Co., Ltd. (SPIL) and a 25 percent stake in ChipMOS Technologies (Bermuda) Ltd. for total cost of NT$68.8 billion ...
Tags: Tsinghua Unigroup, semiconductor, Processing Machinery
The European Commission has cleared commodities trading group Trafigura's minority holding in Belgium-based zinc and lead producer Nyrstar. In November, Trafigura told the EC its minority 20.02% stake in Nyrstar -- held through its ...
Tags: Nyrstar, Zinc, lead metal
LG Display will initiate its OLED lighting business operations, which was acquired from LG Chem, and focus on promotion as its next growth engine, reported Business Korea. An official from LG Display said the company made an official ...
Tags: LG Display, OLED Lighting
Lingering inventory issues from the port delays, ongoing foreign exchange headwinds for international companies and a tepid response from consumers at retail pushed down aggregate industry profits by 14% in Q3 to $3,529.3 million from ...
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
Arkansas-based Tyson Foods is planning to close two of its prepared foods manufacturing plants as part of its efforts to enhance overall performance and streamline operations. The company's plants that will discontinue operations are ...
Tags: Tyson Foods, sliced pepperoni, pizza
Irish nutrition company Glanbia has agreed to acquire US-based health-based snacks maker thinkThin for $217m in cash. thinkThin offers a variety of protein snack bars for consumers seeking convenient, delicious yet wholesome snacks. ...
Dutch e-tailer CF Lifestyle has launched its e-commerce site in four additional languages with the intent of supplying Crossfitters throughout Europe with workout clothing, gear and nutritional supplements. The retailer also said it ...
Tags: CF Lifestyle, workout clothing, nutritional supplements
The GBP71bn Anheuser-Busch InBev-SABMiller merger deal process is inching forward as both the companies have reached a final agreement. However, the deal is yet to gain approval from regulators and shareholders. Post clearances, the deal ...
Philips Hue LED bulbs and other smart home devices that incorporate ZigBee wireless standards are vulnerable to hacking, according to recent findings by IT firm Cognosec. At a Black Hat USA conference in Las Vegas recently Cognosec senior ...
Tags: Security Flaws, ZigBee devices, LED bulbs
US-based snacks manufacturer Snyder’s-Lance will acquire snack food and culinary nut company Diamond Foods for approximately $1.91bn, which includes $640m of debt. The parties signed a definitive agreement in this regard under ...
Tags: snacks, Diamond Foods
UK-based food company Petrow Food Group has opened an 80,000ft2 factory and warehouse facility in Haverhill, Sufflok. The company has invested more than £4m to build the facility in a 7.2 acre site which was originally built for ...
Tags: Petrow Food Group, nut products, dried fruit, coconut
Canadian organic food company SunOpta has completed the acquisition of Sunrise Holdings from investor group led by Paine & Partners for $444m, as part of its strategy to expand its portfolio of frozen fruit and fruit ingredient processing ...
Tags: SunOpta, frozen fruit, beverages, snacks
The London-listed SABMiller has agreed to sell itself to Belgium-based brewer Anheuser-Busch InBev for $104bn (£68bn). While AB InBev is the world's biggest brewer, SABMiller is its competitor. The boards of the two companies said ...