After much time spent negotiating with investors who failed to find a rescue plan for integrator and reseller 2e2, the firm entered administration, and now its customers are looking to jump ship. Hundreds of jobs on the line as 2e2 ...
Tags: FTI consulting, outsourcing, SAP
A consortium of two private-equity firms has emerged as the lead bidder for the majority of Hostess Brands' cake business, including the Twinkies brand. Apollo Global Management and Metropoulos submitted a US$410m offer for the Hostess ...
One of Canada's largest pension funds, the $117 billion Ontario Teachers Pension Plan, is one of eight final-round bidders to buy Leighton Holdings' national fibre-optic network operator, NextGen Networks. The fund was a successful bidder ...
Tags: Canada, Ontario Teachers Pension Plan, fibre-optic network
Hostess Brands has named McKee Foods and United States Bakery as the stalking horse bidders for its Drake's cake business and various bread brands. In a statement released late yesterday (28 January), Hostess said that McKee Foods has ...
Tags: Hostess Brands, McKee Foods, Horse Bidders
Communications regulator Ofcom has revealed that the bidding process for the much-anticipated - and delayed - 4G spectrum auction is under way. The bidding process involves Everything Everywhere (EE), HKT (a subsidiary of mobile ...
Tags: 4G spectrum auction, 4G bidders, 4G
Zacky Farms, the US-based poultry company that filed for bankruptcy last year, has announced that it will be selling its assets to The Robert D Zacky and Lillian D Zacky Family Trust, a move which will protect nearly 1,000 jobs. The trust ...
Tags: Zacky Farms, poultry company, Lillian D Zacky Family Trust
According to data released by Serbia’s ministry of finance and economy, Russia’s Zelezara Smederevo, the leading steel business in Serbia, planned to restart of its Smederevo-based steel mill. Meanwhile, the company has ...
Tags: Serbia, Russia, Zelezara Smederevo, steel mill
News that Flowers Food has emerged as the "stalking horse" bidder for various Hostess Brands bread brands in the US caught our attention this week. Meanwhile, an entirely different kind of horse got tongues wagging on this side of the pond ...
Tags: Flowers Food, interview, just-food
Companies and their legal advisers have urged the Australian Securities Exchange to limit the social media outlets they need to monitor for stories and rumours as part of its overhaul of market disclosure requirements. BHP Billiton, the ...
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers has emerged as the "stalking horse" bidder that, if the ...
Tags: US, baker, Flowers Foods, Hostess Brands
Unidentified attackers stole sensitive information from hundreds of diplomatic, government, research and military organizations from around the world as part of a newly uncovered cyberespionage campaign that started nearly six years ago. ...
Tags: attackers, sensitive information, cyberespionage campaign
A cyber espionage network has been allowed to flourish in Eastern Europe, former Soviet republics and Central Asian countries since 2007, security firm Kaspersky Lab reported this week. The group, called Red October, has been stealing ...
Tags: cyber, espionage network, Eastern Europe
US baker Flowers Foods has reached an agreement with Hostess Brands to acquire its Wonder, Nature's Pride, Merita, Home Pride and Butternut bread brands for around US$360m. Flowers will also take on 20 of Hostess' bakeries and ...
Tags: US, baker, Flowers Foods, Hostess Brands
US-based baking company Flower Foods has signed two agreements to acquire certain bakery assets of Hostess Brands. The value of the total deal is approximately $390m. One of the agreements includes purchase of the Wonder, Nature's Pride, ...
Tags: US, Flower Foods, agreements, bakery assets, Hostess Brands
Canada-based Sun Life Financial and Malaysian investor Khazanah Nasional are planning to acquire life insurer CIMB Aviva in Malaysia, in a deal valued at MYR1.8bn ($596m). Both firms will jointly purchase 98% of the life insurer in order ...
Tags: life insurer, CIMB Aviva, financial services markets, insurance company