French food group Danone has signed a binding agreement to sell its US dairy subsidiary, Stonyfield, to Lactalis for $875m. The price of the deal represents 20 times its earnings before interest, tax, depreciation and amortization ...
Chinese dairy firm Inner Mongolia Yili Industrial Group is preparing an $850m bid to acquire US organic yogurt business, Stonyfield, from Danone. In a statement to the Shanghai stock exchange, Yili Group mentioned that the bid for 100% of ...
Danone has agreed to divest one of its US dairy subsidiaries, Stonyfield, to secure approval from US antitrust authorities for its $10bn acquisition of soy-milk maker WhiteWave Foods. The French dairy giant has reached an agreement in ...
Volkswagen has agreed to recall an additional 83,000 vehicles and pay $250m to partially settle claims related to its emissions cheating scandal. The company signed an agreement with the US Department of Justice (DOJ) on behalf of the ...
Tags: Volkswagen, Vehicles
The United States Department of Justice has withdrawn its court order against Apple after the FBI successfully cracked a disputed iPhone 5c handset without Cupertino’s help. The news follows an FBI-led postponement of a planned ...
Japanese Omron Automotive Electronics (OAE) has agreed to plead guilty and pay $4.6m fine for its involvement in rigging bids for power window switches in Honda Civics, the US department of justice (DoJ) said. The justice department said ...
Tags: OAE, Bid rigging case
Ford announced that it will strengthen its police interceptor sedans and utility with ballistic panels and protection against armor-piercing rifle ammunition. Ford North American fleet, lease and remarketing operations general marketing ...
Tags: Ford, Police interceptors, Type IV
The U.S. Consumer Product Safety Commission (CPSC) announced today that Gerber Legendary Blades, a division of Fiskars Brands Inc., of Madison, Wis., has agreed to pay a $2.6 million civil penalty and abide by a permanent injunction. In a ...
Tags: mechanical hazard, federal law, Security
The U.S. Environmental Protection Agency (EPA) and the Department of Justice (DOJ) announced today that XTO Energy, Inc. (XTO), a subsidiary of ExxonMobil and the nation’s largest holder of natural gas reserves, will spend an ...
Alliant Techsystems Inc.'s (ATK) plans to spin-off Bushnell and a dozen firearms brands to shareholders as a separate publicly traded company called Vista Outdoor Inc. took a step closer to reality Friday morning when the U.S. Department ...
Tags: Feds, firearms, Sporting Goods
HONOLULU – The U.S. Environmental Protection Agency and the U.S. Department of Justice announced an agreement as part of a Federal District court order today with the Commonwealth Utilities Corporation (CUC) and the Commonwealth of ...
US-based meat producer Tyson Foods has received approval from the antitrust division of the US Department of Justice (DOJ) for its previously announced $8.5bn purchase of Hillshire Brands. DOJ said that Tyson Foods has agreed to sell its ...
Tags: Tyson Foods, DOJ, Food
Indian drug major Dr Reddy’s laboratories is under the scanner of the US Department of Justice following a complaint related to the violation of child resistant packaging regulations. The complaint was filed under the federal false ...
Tags: Dr Reddy's, Violations, Packaging
BOSTON – EPA and the U.S. Department of Justice have lodged a Consent Decree with the U.S. District Court of Massachusetts, resolving alleged Clean Air Act violations by Coyne Textile Services of New Bedford, Mass. Under the Decree, ...
Tags: EPA, Air Pollutants, Service
The raid of electronic capacitor companies in Japan this week is a further indication that antitrust enforcers may be pursuing a worldwide cartel involving the small, but ubiquitous product, antitrust attorneys said. “This has the ...
Tags: raid, Electrical, Electronics