Brazilian food company Brasil Foods (BRF) has acquired 33% stake in Avex, Argentina' s leading poultry producer and exporter. Through this deal, the company has also acquired Argentina's Danica group. The transaction is expected to be ...
Tags: Brasil Foods, BRF, Avex, poultry
Perrigo has signed a definitive merger agreement as well as has acquired Cobrek Pharmaceuticals, an US-based drug development company, for nearly $45m on a cash free and debt free basis. The company, in May 2008, had also acquired an ...
Tags: Perrigo, definitive merger agreement, Cobrek Pharmaceuticals
Global paper and packaging company International Paper has completed the previously announced acquisition of the shares of its joint venture partner Sabanci in the Turkish corrugated packaging company Olmuksa for $56m. Following the deal, ...
Tags: Global paper and packaging company, Sabanci, International Paper
The deal for the stake in the 170m-turnover group was announced this morning by Sun European Partners, the European arm of US-based Sun Capital which has recently bought businesses including Britton Group, Albéa, Kobusch-Sengewald ...
Tags: Sun Capital, personal care business, company news, stake
IDG News Service-The PaaS(platform as a service)market will grow to US$1.2 billion this year,up from last year's$900 million take,as vendors and customers seek easier ways to create new applications and customize existing ones,according ...
Tags: platform as a service, analyst firm Gartner, sharp growth
Exoma Energy has been forced into a rethink after a subsidiary of Chinese state-owned offshore company CNOOC failed to receive Beijing's approval for a planned subscription to a parcel of shares in the Australian coalseam gas junior. ...
Tags: Exoma Energy, CNOOC, gas, gas industry
Chairman All Pakistan Textile Mills Association (APTMA) Punjab Shahzad Ali Khan has said that a delegation of APTMA leadership called on the Prime Minister Raja Pervez Ashraf to apprise him of the problems faced by the textile industry in ...
Tags: APTMA, Pak PM, Power Disconnection, textile
After a nearly two-year antitrust investigation,Google escaped with more of a slap on the wrist than a slap in the face,say industry analysts. While getting the anti-trust equivalent of a good talking-to,the Internet giant is easily ...
Tags: FTC, European Commission, Google, Internet
Appearing on BBC TV’s Dragons’ Den helped Yorkshire cake entrepreneur Allison Whitmarsh secure the backing she needs to build cake factories across the UK. Deborah Meaden invested £50,000 in ProperMaid cakes On the ...
Tags: Dragons'Den, Cakes, Food
IDG News Service - Sony Mobile is laying off 1,000 employees and will also move its global HQ to Tokyo, as the company tries to turn around its dwindling fortunes in the smartphone space. The reorganization comes about six months after ...
Tags: Sony Mobile, Sony, smartphone, Sony portfolio
US-based Babson Capital Management, a global investment management firm, has provided subordinated debt and made an equity co-investment to support River Associates Investments’ acquisition of a controlling stake in Rose City Printing ...
Tags: Babson Capital Management, investment management, acquisition
BP signed a heads of agreement Wednesday with Indonesia's state-owned power utility Perusahaan Listrik Negara to supply 23.96 million mt of LNG over 20 years, starting 2013, Jero Wacik, the energy and mines minister who is also the head of ...
IDG News Service - Japan's Softbank said Monday it has reached a deal to acquire a 70% stake in U.S. mobile operator Sprint Nextel for $20 billion, forming one of the world's largest telecom operators. The companies said the deal would ...
Tags: Softbank, telecom operators, network, network speeds
Windows 8 might, or might not, prove to be a big hit with enterprise customers. But SAP is betting it will become an important platform in workplaces and figures Windows 8 tablets will outpace Android tablets, an SAP executive said ...
Advanced Micro Devices has cut orders to contract chip manufacturer GlobalFoundries, expecting a "choppy demand environment" in the next few quarters. The company said Thursday it has amended its wafer-supply agreement to cut its purchase ...
Tags: chip, AMD, GlobalFoundries, PC, server, graphics processors