Job cuts, mega-deals, and new horizons…
May was a very busy month on the business front, with acquisitions from General Mills, Ralcorp, Flowers Foods and ConAgra, name changes at Kraft and Corn Products International and job cuts at General Mills.
From CPI to Ingredion: Corn Products International shareholders approve Ingredion name change
…And Kraft to Mondelez: Kraft shareholders approve ‘Mondelez International’ name for global snacks business
Job cuts at General Mills: General Mills: Job losses will be mostly in ‘administrative and support positions’
Followed by a mega-deal: General Mills agrees to buy Brazilian food maker Yoki
A cash injection for Diamond Foods: Diamond Foods secures $225m investment
More bad news for Hostess: Judge denies Hostess’ bid to reject Teamsters contracts
A deal for Ralcorp…Ralcorp acquires cookie maker as frozen bakery helps Q2 sales rise
ConAgra… ConAgra Foods snaps up Kangaroo Brands’ private label pita chips business
Flowers Foods... Flowers Foods to buy Lepage Bakeries in $370m deal
Louis Dreyfus.. Louis Dreyfus to acquire Imperial Sugar as investors try to block deal
And DuPont: DuPont buys out Bunge’s share in Solae joint venture in $440m deal