B&G Foods and Pinnacle Foods are evaluating plans to acquire Unilever's American salad dressing brand Wish-Bone. The sale, which is being managed by investment banking firm Goldman Sachs, is part of Unilevers' strategy to focus on its ...
Tags: Foods, Agriculture
AOP Orphan Pharmaceuticals has announced the spin-off of its 80% stake in Activartis, a Vienna-based biotech company, to a group of private investors. Activartis has developed dendritic cell-based technology for individualized tumor ...
Tags: AOP Orphan, Medicine
Renewable packaging material provider BillerudKorsnas has received approval from the EU Commission with regard to its proposed divestment of kraft and sack paper producing machine (PM2) to SwedPaper. According to BillerudKorsnas, the ...
Tags: Billerudkorsnas, Paper Machine
Australian miner BHP Billiton has said that it expects the coal market to be "comfortably supplied" in the near term, with Australian quality hard coking coals expected to remain among the most highly valued. According to BHP Billiton, the ...
Tags: coking coal, raw mat, Australia, Oceania, BHP, opinion, mining, Istanbul
Canada-based frozen food company McCain Foods has received approval from the European Commission (EC) to acquire the potato division of Belgian frozen vegetables producer PinguinLutosa Food for €225m The approval is conditional upon ...
Tags: frozen food, Food
Mika Seitorvita, CEO of Finnish steelmaker Outokumpu, has stated that the bids received so far for its Italian asset Acciai Speciali Terni (AST) do not meet the expectations of the Finnish company. "The bids Outokumpu has received so far ...
Tags: Italy, steelmaking, Outokumpu, European Union, Brescia
GlaxoSmithKline (GSK) has announced it is to sell its soft drink brands Lucozade and Ribena, in a bid to improve its strategic focus and enhance its growth profile. Lucozade and Ribena are estimated to be for sale for 766M Andrew ...
Tags: GlaxoSmithKline, Food, GSK
Austria-based cellulosic fiber manufacturer Lenzing AG has announced it will sell 85 percent of its shares in Lenzing Plastics GmbH to an Austria-based bidding consortium led by Invest AG, the investment arm of the Raiffeisen Banking Group ...
Tags: Textile
In spite of difficult market conditions in its core fiber business, the Lenzing Group succeeded in achieving the second-best business result in its history in the 2012 financial year. This can be attributed to new record fiber sales volumes ...
Tags: Textile, Textile Industry
BP has a portfolio of 45 major upstream projects that it wants to focus on to 2020, company CEO Bob Dudley said Thursday, following the company's unprecedented $38 billion asset sell-off program in the wake of the Macondo oil spill in 2010. ...
Tags: BP, CEO Dudley
Danish healthcare company Radiometer Medical has purchased Quest Diagnostics' HemoCue diagnostic products business for $300m plus customary adjustments for cash balances. Quest will use the proceeds to repurchase approximately $300m of ...
US-based ECG technology provider Mortara Instrument has signed a definitive agreement to purchase diagnostic cardiology product line of Cardiac Science. The purchase will include Cardiac Science's Burdick and Quinton brands and associated ...
Dutch food firm Vion has completed the sale of its red meat and poultry activities to UK-based 2 Sisters Food. The sale included 11 processing facilities, including those in Coupar Angus, Cambuslang and Portlethen. The deal is expected ...
Tags: Vion, Red Meat, Poultry Operations
Dutch insurance firm ING Group has sold its 26% stake in ING Vysya Life Insurance Company to its joint venture partner Exide Industries for an undisclosed amount. The deal, which was originally inked in January this year, is a part of a ...
Tags: Life Insurance, Insurance, insurance firm
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