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Smithfield Foods to Acquire Two Romanian Packaged Meats Manufacturers
Sep 28, 2017Hong Kong-based pork supplying giant WH Group said that its subsidiary Smithfield Foods will acquire 100% stake of two Romanian packaged meats manufacturers Elit and Vericom for an undisclosed price. The acquisition will further expand ...
Tags: Smithfield Foods, Packaged Meats
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Asahi to Take Eur7.4bn Loans to Fund SABmiller's Assets Purchase
Mar 30, 2017Japanese beer maker Asahi Group said it will take on EUR7.4bn in bank loans to finance its purchase of SABMiller's former Central & Eastern European beer assets. Asahi said its board agreed to the loan, from Japan's Sumitomo Mitsui and ...
Tags: beer, Asahi Group
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Pabst Brewing Enters Into Long-Term Distribution Deal with Vermont Hard Cider
Dec 15, 2015US-based beer brewer Pabst Brewing Company (PBC) has entered into a long-term distribution partnership with Vermont Hard Cider Company, which is manufacturer of American cider. The agreement entails that Vermont Hard Cider will sell ...
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Southeastern Mills Completes Acquisition of Original Louisiana Brand Hot Sauce
Apr 8, 2015Georgia based Southeastern Mills has acquired the original Louisiana brand hot sauce and related assets from Bruce Foods in New Iberia. This new development will see the purchase of all of the brands and intellectual property related ...
Tags: Louisiana brand, Southeastern Mills, Food
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Abercrombie&Fitch's Net Sales for Third Quarter of 2014 Went Down 12% to $911.4 Million
Nov 17, 2014In an update on its third fiscal quarter ending November 1, 2014 performance, Mike Jeffries led apparel retailer, Abercrombie & Fitch said its sales slipped 12%, from a year earlier quarter. Net sales for the third quarter of 2014 went ...
Tags: Mike Jeffries led apparel retailer, Net sales, Apparel
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Westlake Announced The Commencement of Its Initial Public Offering of Common Units
Aug 13, 2014Westlake Chemical Partners LP, a Westlake company, announced the commencement of its initial public offering of 11,250,000 common units representing limited partner interests in the Partnership, at an anticipated initial public offering ...
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Altius Announced Its Financial Results for The Second Quarter
Dec 17, 2013Canada-based mining company Altius Minerals Corporation (Altius) has announced its financial results for the second quarter and the first half ended October 31, 2013. In the second quarter, the company posted a net loss of C$752,000, ...
Tags: mining, Altius Minerals
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AkzoNobel Has Agreed to The Sale of 67 of Its 72 German Decorative Paints Stores
Dec 13, 2013Following an announcement in June this year, AkzoNobel has agreed to the sale of 67 of its 72 German decorative paints stores to five independent wholesale distributors. Financial details were not disclosed. As a result of the ...
Tags: decoration, paints
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Safelite to Acquire All The Vehicle Glass Repair Assets of of Guardian Auto Glass LLC
Dec 12, 2013“I look at Safelite like the New York Yankees,” says Mark Liston, president of Glass Doctor, describing Safelite’s recent purchase of Guardian’s retail assets. “Who they can buy, they will. Simple as ...
Tags: Auto Glass, Construction Glass
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The WhiteWave Foods Company Reported Strong Third Quarter 2013 Results
Nov 11, 2013The WhiteWave Foods Company (the "Company") today reported strong third quarter 2013 results. For the third quarter of 2013, the Company reported adjusted diluted earnings per share of $0.19, a 21 percent increase compared to third ...
Tags: Whitewave Foods, Beverages
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Tencent Will See Stake in Sogou.Com, Rise to About 40 Percent in The Near Future
Sep 24, 2013Chinese Internet giant Tencent Holdings Ltd. (SEHK: 0700) will see stake in Sogou.com, the search engine unit of Sohu.com Inc. (NASDAQ: SOHU), rise to about 40 percent in the near future. It co-announced with Sohu.com. and Sogou.com in ...
Tags: Tencent, Sogou, service, Computer Products
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The Qantas Group Reported a Profit Before Tax of $192m But Issued a Cautious Outlook
Aug 30, 2013The Qantas Group has reported a profit before tax of $192 million but issued a reasonably cautious outlook, despite which the company's share price rose by 14%. The group has strengthened its financial position, with positive net free ...
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Masteel Plans to Sell Some Non-Steel for The Purpose of Optimizing Asset Structure
Jul 23, 2013Anhui Province-based Chinese steelmaker Maanshan Iron and Steel Co. (Masteel) has announced that it plans to sell some non-steel assets to its parent company Maanshan Iron and Steel Group for the purpose of optimizing asset structure, ...
Tags: Non-Steel Assets, Mineral
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Altius Continues to Looking for Investment Opportunities
Jul 5, 2013Canada-based mining company Altius Minerals Corporation (Altius) has announced its financial results for the fiscal year ended April 30, 2013. As a result of the ongoing decline in market-based valuations of mineral-related assets, Altius ...
Tags: mining company, Mineral
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Hampshire Group Has Sold The Scott James Brand and Related Assets to Founder
Jun 19, 2013Hampshire Group, Limited a leading provider of sportswear, announced that it has sold the Scott James brand and related assets as a stand-alone business to be operated by its founder, Scott Kuhlman. In selling the Scott James division, ...