US-based snacks manufacturer Snyder’s-Lance will acquire snack food and culinary nut company Diamond Foods for approximately $1.91bn, which includes $640m of debt. The parties signed a definitive agreement in this regard under ...
Tags: snacks, Diamond Foods
SMS Audio, the premium headphone line owned by Curtis ’50 Cent’ Jackson, has defended Apple’s recent acquisition of Beats, claiming the move ‘validated’ an entire industry. Despite Monster having yesterday ...
Tags: Apple, Headphone, Consumer Electronics
Australian iron ore development company BC Iron Limited has announced that it has offered to acquire all the issued shares of Australian miner Iron Ore Holdings (IOH) in a deal worth around A$250 million. Under the takeover deal, BC Iron ...
Tags: Iron, iron ore, Metallurgy
Due to the expected strong concern about the impact on the market, BlueScope's merge plan of taking over OneSteel's sheet and coil distribution business has hit a hurdle. It’s known that the proposed acquisition would remove ...
Tags: steel, metallurgy
BlackBerry's chief operating officer, Kristian Tear, and chief marketing officer, Frank Boulben, have both left the company with immediate effect, while chief financial officer Brian Bidulka will leave at the end of the financial year, the ...
Tags: exec, BlackBerry, management, shake-up
Fairfax Financial Holdings, the Canadian investment fund leading a takeover of smartphone maker BlackBerry, is to invest $250m in BlackBerry via a $1bn private placement of convertible debenture. The financing move marks the close of ...
Wyeth Nutrition, the infant formula company bought by Nestle last year, is cutting prices in China, the first such move since it was one of five foreign infant milk formula companies put under investigation for possible price-fixing. ...
Tags: infant formula, milk powder
THE sharemarket enjoyed a bumper day, closing almost 1.5 per cent higher on positive overseas leads. the close today, the benchmark S&P/ASX200 index was up 71.3 points, or 1.45 per cent, at 4976.8 points. The broader All Ordinaries ...
Tags: economy
Australian miner Sundance Resources has announced that it has terminated the takeover agreement with Hanlong Mining, a subsidiary of Sichuang Province-based Chinese industrial conglomerate Sichuan Hanlong (Group) Co., under which Hanlong ...
Tags: Metallurgy, Mineral, Energy
Reuters reported that Rosneft,seeking to wrap up Russia's largest-ever takeover deal,raised USD 16.8 billion in bank loans and signed long-term supply deals with two leading oil traders that could be worth as much as USD 50 billion. ...
AAP reported that shares in Sundance Resources are expected come under downwards pressure when they resume trading, as the prospect of a takeover deal with Hanlong Mining appears even more remote. Sundance shares were placed in a trading ...
Tags: iron ore price news, stock market news, sundance fest, iron
Several organisations have expressed interest in buying the office products business of Avery Dennison following the collapse of the takeover deal by 3M. Avery Dennison CEO Dean Scarborough told an investor conference in the US last week ...
Tags: Avery Dennison, takeover deal, 3M