Marlboro cigarette maker Altria Group Inc (MO.N) will buy a 35 percent stake in Juul Labs Inc for $12.8 billion, a marriage between an old-line tobacco giant and a fast-growing electronic-cigarette rival looking to make...
FMCG
Altria nears Juul stake deal, valuing it at $38 billion – sources
Marlboro cigarette maker Altria Group Inc (MO.N) is nearing an agreement to buy more than a third of Juul Labs Inc, valuing the e-cigarette startup at $38 billion, people familiar with the matter said on Wednesday. The...
HUL, GSK ink Rs 317-bn merger in India’s biggest consumer goods deal
Hindustan Unilever (HUL) on Monday said it was merging GlaxoSmithKline (GSK) Consumer Healthcare with itself in a transaction worth Rs 317 billion, in the largest deal of the consumer goods space in the country. The...
Altria in talks to take minority stake in Juul: sources
Tobacco company Altria Group Inc (MO.N) is in talks to take a minority stake of 20 to 40 percent in e-cigarette maker Juul Labs Inc, people familiar with the matter said on Wednesday. The companies declined to comment...
Zydus buys Complan and Glucon D maker Heinz’s basket of brands
In a deal that puts them in a commanding position in the health foods and nutrition space, Zydus Wellness and Cadila Healthcare on Wednesday said they were acquiring Heinz India at a valuation of Rs 4,595 crore. Heinz...
Three companies begin due diligence on GlaxoSmithKline’s India nutrition business
Consumer goods maker Unilever, Nestle and Coca-Cola have begun due diligence on GlaxoSmithKlineNSE -0.73 % Consumer’s Indian nutrition business, which includes malt beverage drinks Horlicks and Boost, and is estimated...
Zydus leads race for Complan with Rs 4,500-crore bid
Zydus Cadila Group has mounted an aggressive Rs 4,500 crore offer for the Kraft Heinz Company’s consumer brand business in India, outbidding the Coca-Cola Company for a portfolio that includes children’s milk drink...
P&G proposal for stake acquisition in company gets govt nod: Merck Ltd
Drug firm Merck Ltd said Wednesday the government has approved the proposal of Procter & Gamble Overseas India BV to acquire up to 77.80 per cent stake in the company. The Department of Pharmaceuticals has approved...
Coke, Nestle for second round in Horlicks race
Nestle, Unilever and Coca-Cola are among companies shortlisted by GlaxoSmith-Kline for the second round of bidding for its Indian nutrition business, which includes the prized Horlicks brand, people familiar with the...
Nestle, Unilever, Coke make bids in $4 billion-plus GSK India sale: report
Nestle, Unilever and Coca-Cola are among bidders for GlaxoSmithKline’s Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. Initial bids were due on...
Coke may buy Complan because of ability to deal with tax issues
Two decades after it bought Parle’s beverage brands, including Thums Up, and returned to India, Coca-Cola is poised for its second big acquisition here. The world’s largest beverage company has emerged as the...
Godrej Consumer sells its UK unit
Godrej Consumer Products has sold its UK unit to JZ International, a pan-European private investment business based in London. The divestment of Godrej Consumer Products UK is part of the company’s strategy to...
