After the recent acquisitions of Yoga Bar and 24 Mantra Organic, ITC Foods is sharpening its focus on strategic takeovers to accelerate growth, gain rapid entry into high-potential categories, and align with consumer...
Reckitt eyes new options to advance Air Wick unit sale, sources say
Britain’s Reckitt (RKT.L) is considering new options to advance a sale of its Essential Home business, home to Air Wick fresheners and Cillit Bang cleaners, after bids came in below expectations, two people with...
IFB Agro to acquire Cargill India’s shrimp and fish feed biz
Kolkata, May 30 (PTI) IFB Agro Industries Ltd on Friday said its board has approved a proposal to acquire the entire commercial shrimp and freshwater fish feed business of Cargill India, marking a strategic move to...
Hailey Bieber’s Rhode brand sold to e.l.f. Beauty in $1 billion deal targeting Gen Z
Model Hailey Bieber’s makeup and skincare brand, Rhode, is being snapped up by Elf Beauty ELF.N for about $1 billion, giving the budget cosmetic retailer access to a celebrity-endorsed product line that has become...
Dabur India Board Approves Amalgamation Of Sesa Care Into Company
Dabur India Ltd.’s board of directors approved the amalgamation of Sesa Care Pvt. into the firm, according to an exchange filing on Monday. This is subject to the approval of shareholders, creditors and regulatory...
Paloma Rheem Holdings gets CCI nod to acquire Fujitsu General for $1.6 billion
Fair trade regulator CCI has approved Paloma Rheem Holdings’ proposal to acquire Japanese air-conditioner maker Fujitsu General for USD 1.6 billion. Fujitsu General specialises in air conditioning solutions for...
Walgreens sells more shares in Cencora; cuts stake to 6%
U.S. drugstore chain Walgreens Boots Alliance said on Thursday it has sold more shares in drug distributor Cencora for proceeds of about $300 million. The company said that it now owns a 6% stake in Cencora, trimming it...
Australia’s Sigma shareholders approve $5.5 billion Chemist Warehouse merger
Australia’s Sigma Healthcare shareholders approved in a vote on Wednesday a merger with Chemist Warehouse to create an A$8.8 billion ($5.50 billion) pharmacy and retailing giant. More than 99% of proxy...
Bankruptcy Court approves listed-firm parental drugs India’s acquisition by IHL Lifescience
The bankruptcy court in Mumbai approves IHL Lifesciences Pvt Ltd’s acquisition of the listed firm Parental Drugs India Ltd. Before the tribunal’s approval, the Company’s Committee of Creditors (CoC) had...
New Mountain Capital buys a majority stake in healthcare BPO Access Healthcare
New Mountain Capital, LLC, US based investment firm, has made a strategic investment in the Chennai & Texas -based healthcare Access Healthcare, the company announced on Tuesday. Financial details were not mentioned...
Pfizer to cut stake in Sensodyne-maker Haleon to 7.3%, says bookrunner
Pfizer is looking to sell about 700 million ordinary shares in Haleon, its bookrunner J.P. Morgan said on Tuesday, lowering its stake in the British consumer healthcare company to about 7.3% from 15%. The sale...
Hospital operator Prospect Medical files for bankruptcy
Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell East Coast hospitals and re-focus on its California operations. The privately owned healthcare...
