Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...
Tags: Sainsbury's, HRG, Argos
Ahead of today's 5pm deadline, Steinhoff backed out of making a bid for Home Retail Group at the last minute, leaving Sainsbury's the likely purchaser or the Argos business. Sainsbury's share prices rose sharply, while Home Retail Group's ...
Tags: Sainsbury's, Withdraw, CITY AM, Home Retail Group
Leyard announced recently it will acquire Guangzhou Leafun Culture Science and Technology and Glux Visual Effect Tech. Leyard is to acquire 100% of Guangzhou Leafun Culture Science and Technology’s shares with cash and 99% of Glux ...
Tags: LED Manufacturers, Leyard, Acquisition
This year's Budget is a good one for manufacturers. Together with other leading trade associations, we argued the case for reducing the rising cost of energy and the Chancellor has responded with a £7bn support package. We have also ...
Tags: Office Supplies
Global Digital Solutions, Inc., a little-known technology company based in Palm Beach, FL, has reportedly made an unsolicited offer to purchase Freedom Group, Inc., also known as Remington Outdoor Company, Inc., for $1.082 billion in cash ...
Tags: Sporting Goods, Recreation
GT Advanced Technologies Inc. announced plans to offer $125,000,000 aggregate principal amount of convertible senior notes due 2020 (the "Notes") and 12,000,000 shares of its common stock ("Common Stock") in concurrent underwritten ...
BP announced Friday an $8 billion share buyback program, following through on a promise to reverse the dilutive effect on earnings from its sale of its stake in TNK-BP. BP, which completed the sale of its 50% stake in TNK-BP to Rosneft on ...
Tags: BP, TNK-BP Proceeds, Chemicals
Hain Celestial has today (22 August) been announced as the buyer of Premier Foods plc's spreads assets, including brands such as Hartley's jam and Sun-Pat peanut butter. The US food group had been linked to Premier's spreads business, ...
Tags: Hain Celestial, Premier Foods plc, peanut butter, food industry
Hain Celestial has posted "record" full-year financial results on a significant day in the US company's recent history. The company booked a 44% leap in annual net income for the year to the end of June. Operating profit increased 36.3%. ...
Tags: Hain Celestial, financial result, food company, food industry
UK food wholesaler Booker is set to buy the local cash-and-carry assets of German retail giant Metro Group. Booker said today (30 May) it had agreed a cash-and-shares deal that values Metro's Makro UK arm at GBP139.7m. As part of the ...
Brazilian beef firm JBS has entered into an agreement that will see its US business assume operational control of the Canadian operations of XL Foods, the company at the centre of a large-scale food scare. JBS USA will take management of ...
Tags: beef, large-scale, food safety recall, e.coli bacteria
Toumaz is to acquire Frontier Silicon,for up to 32.3m pound,and is raising cash with new shares. Both are UK fabless chip companies,with Frontier servicing a large share of the global DAB chip market and Toumaz concentrating on wireless ...
Tags: Toumaz, fabless chip, UK, DAB, Frontier
Diversified industrial manufacturer Eaton Corporation(NYSE:ETN)("Eaton")and electrical equipment supplier Cooper Industries plc(NYSE:CBE)("Cooper")today announced they have entered into a definitive agreement under which Eaton will acquire ...
Tags: Eaton Corporation, Premier Global Power Management Company