Sysco Corporation and US Foods today announced an agreement to merge, creating a world-class foodservice company. The total enterprise value of the transaction is approximately $8.2 billion and the combination has been approved by the Board ...
Tags: US Foods, Sysco Corporation
China's crude steel consumption for 2013 is estimated at 693 million tonnes and it is expected to grow 3.2 percent year on year to reach 715 million tonnes in 2014, an industry expert said on Friday. Given China's current production ...
Tags: Construction, Steel
As the EU begins to impose punitive tariffs on Friday on a number of Chinese solar exports, the world's largest solar market, which once fueled China's wild solar expansion, is now behind the industry's slim-down. The dust has finally ...
Tags: Metallurgy, Mineral, Energy, solar
Tangiers Petroleum (u/r) Proposed takeover offer for Jacka Resources. The proposed takeover is an all share offer of 0.468 Tangiers shares for every share in Jacka Resources, implying a pre-merger share price of 11.1p for Tangiers (shares ...
Tags: Oil and Gas News, London Market, Tangiers, Jacka
InterOil Corporation (NYSE: IOC; POMSoX: IOC) has agreed to sell to Total S.A. (CAC: TOT; NYSE: TOT) a gross 61.3% interest in Petroleum Retention License 15 ("PRL15") which contains the Elk-Antelope gas fields in the Gulf Province of ...
Tags: Oil and Gas News, Interoil, PNG Gas
Since 2010 the government began reducing corporation tax in stages, falling from 28% to 23%. This will be cut to 21% from April 2014 and will reach 20% in 2015. The small profits rate has also been cut to 20%. While the government ...
"During the quarter we took the significant step of agreeing to sell our Consumer Products business. We believe separating our two segments will set them up for individual, long-term success and is a good outcome for our stakeholders. ...
Tags: Agriculture, Food
Investec Growth & Acquisition Finance announces that it has provided a £16 million integrated debt facility to support the growth strategy of the London-based garment designers and manufacturers, Carmel Clothing. As part of the ...
Tags: fund, Investec, Carmel Clothing, loan facilities, investment
Kellwood Company, a leading apparel manufacturer and marketer owned by affiliates of Sun Capital Partners Inc., announced the appointment of Lynn Shanahan to Chief Executive Officer of Kellwood Company following the Initial Public Offering ...
Tags: Kellwood, appointment, Lynn Shanahan, apparel manufacturer
The National Retail Federation issued the following statements from NRF President and CEO Matthew Shay and Chief Economist Jack Kleinhenz on the November jobs report: "Today's solid jobs report is welcome news that the economy is ...
Tags: National Retail Federation, adding jobs, job recovery, employment
The Official Committee of Unsecured Creditors involved in the Trainor Glass Company bankruptcy case has recently recovered more than $140,000 from former business partners of the Alsip, Ill.-based glazing company in an effort to repay ...
Tags: Construction, Decoration, Glass
The move will see managing director Joanne Varey become majority shareholder while Stephen Bentley, who acquired Granby from the Omnicom Corporation, will become chairman and remain a minority shareholder. Craig Parsons, IT director at ...
Tags: Granby, Management Buyout
German steelmaker ThyssenKrupp has announced that it has raised €882.3 million through a capital increase corresponding to 10 percent of capital stock, selling 51.5 million new shares at €17.15 per share. This capital measure ...
Tags: Thyssenkrupp, Capital Increase
Seadrill Limited (NYSE: SDRL) (the "Company") announced today that it has entered into an agreement with Seadrill Partners ("Seadrill Partners") pursuant to which the Company will sell to (i) Seadrill Operating LP, the Company's 70% owned ...
Tags: Seadrill, Semi-Submersible Rigs
Mining companies operating in Australia and globally will continue to face challenging market conditions in 2014, including rising costs, low commodity prices, supply/demand imbalances, and decreased productivity levels. According to ...
Tags: Sustainable Cost Reduction, Innovation Critical, Australian