A lawsuit has been launched against ingredients giant Corn Products
International, alleging that one or more of its directors violated
federal securities laws by issuing false and misleading statements
to the market.
Imperial Sugar received an offer of acquisition earlier this week,
while Cargill announced its intentions to further invest in
Brazilian sugar and General Mills had its rating outlook revised
from negative to stable.
Publicly-floated US flavour supplier Technology Flavors &
Fragrances is set to go private, as industry rival FFG Industries
begins a tender offer to acquire all of the firms outstanding
shares of common stock.
International drinks supplier Brown-Forman embarks on new
opportunities in the increasingly affluent Indian society,
targeting the beverages market with the launch of its fruit
flavoured Finlandia brand of 'luxury' vodka.