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...
Kraft Heinz sees rising costs, still weighing M&A deal: CEO
Kraft Heinz Co is feeling the pinch from trade conflicts and rising costs, but is still willing to consider an acquisition to fuel growth, its chief executive officer said on Friday. CEO Bernardo Hees said in an...
Tata Global Beverages restructures overseas operations
Tata Global Beverages Ltd (TGBL) has restructured its international operations by merging its businesses in Canada, America and Australia (CAA) and the UK, Europe, Middle East and Africa (EMEA) regions into a single...
Coca-Cola bets on coffee with $5.1 billion deal for Costa
Coca-Cola Co. agreed to buy the UK chain Costa Coffee for 3.9 billion pounds ($5.1 billion) to gain a global brand to expand in hot drinks. Whitbread Plc agreed to sell Costa at a price that’s 16 times this year’s...
Ruchi Soya sells over 1 crore shares in open market
Ruchi Soya Industries’ promoters have sold 1.06 crore shares, worth 3.18% stake, through open market transactions. even as Adani Wilmar Ltd and Baba Ramdev’s Patanjali Ayurved battled to acquire the debt-ridden firm...
Patanjali again seeks quashing of Adani’s Ruchi Soya bid
Patanjali Ayurved Ltd has challenged the approval of Adani Wilmar’s bid for Ruchi Soya Ltd’s acquisition, arguing that under the insolvency and bankruptcy code, relatives of a wilful defaulter can’t participate in a...
Ruchi Soya lenders approve Adani Wilmar’s Rs 6,000 crore bid
Lenders of Ruchi Soya have approved the Rs 6,000 crore bid of Adani Wilmar to acquire the debt-ridden edible oil firm, sources said. Adani Wilmar and Baba Ramdev’s Patanjali group have been engaged in a long-drawn...
Prataap Snacks to foray into Gujarat with Avadh Snacks acquisition
Prataap Snacks Ltd, the Indore-based listed snack manufacturer, on Wednesday announced the acquisition of Avadh Snacks Pvt Ltd, a Gujarat based snack foods company for Rs 148 crore. Prataap Snacks will be acquiring 80%...
Brazil’s Marfrig sells Keystone for $2.4 billion
Brazilian meatpacker Marfrig Global Foods (MRFG3.SA) said on Monday it had closed a deal to sell its indirect subsidiary Keystone Foods Holdings Limited to U.S. firm Tyson Foods Inc. (TSN.N). The enterprise value of the...
Kellogg, Reckitt Benckiser join queue for a glass of Horlicks
Breakfast cereal maker Kellogg and UK healthcare giant Reckitt Benckiser Plc are the latest entrants in the race to acquire the consumer nutrition business of GlaxoSmithKlineNSE 4.65 %, joining Nestle, Unilever...
PepsiCo buys Israel’s fizzy drink maker SodaStream for $3.2 billion
Beverage giant PepsiCo has bought Israel’s fizzy drink maker SodaStream for $3.2 billion. PepsiCo said on Monday it’s acquiring all SodaStream’s outstanding shares at $144 per share, a 32 percent...
Brazil’s Marfrig to sell U.S. unit to Tyson for $2.5 billion – sources
Brazilian meatpacker Marfrig Global Foods SA (MRFG3.SA) has agreed to sell its U.S. subsidiary, a key McDonald’s supplier, to Tyson Foods Inc (TSN.N) for $2.5 billion, two people with knowledge of the matter told...
