Meal kit market leader Blue Apron has been hit with an avalanche of ‘stock drop’ lawsuits from a series of law firms alleging that shareholders were duped into paying over the odds to buy the firm’s stock – which has lost almost half of its value since...
After struggling with slumping stock prices, increased competition and consumer complaints, Keurig Green Mountain stockholders received some good news for a change Dec. 7 when an investor group led by JAB Holdings acquired the single-serve coffee pod...
Omega Protein Corporation has received a harsh critique of its diversification strategy from a major investor. Wynnefield Partners filed a Form 13D with the Securities and Exchange Commission calling for the company to seek alternatives—up to and including...
Tyson Foods placed a second and final bid for Chicago-based Hillshire Brands, to acquire all the outstanding common shares of the business for $63 per share, in cash.
US firm The Hillshire Brands Company appears to be the subject of a bidding war, with a number of unsolicited proposals to buy the business – from Tyson Foods and Pilgrim’s Pride.
By ‘Whatever happened to my beverage rock ‘n roll?'
PepsiCo must return to its roots as a ‘lean, hard-hitting’ $30bn+ revenue beverage business under standalone management as the current strategy risks destroying its North American arm, Nelson Peltz warns.
A federal judge in California has given the green light to a proposal from Diamond Foods - potentially worth $120m - to settle a class action lawsuit from investors who bought stock in the firm just before its $2.3bn mega-deal to buy Pringles went south...
Dole Food Company has completed the sale of it global packaged foods and Asia fresh businesses to ITOCHU Corporation of Japan for $1.7 billion in cash. The transaction will include rights to the Dole name in certain packaged food products worldwide and...
Loss-making stevia supplier GLG Life Tech has reassured investors that it is still “very much” in business in a Q&A document designed to answer questions about its financial affairs.
Ralcorp has outlined the shape of the company after it spins off its Post cereals business, four years after it bought the maker of Grape-Nuts, Raisin Bran and Honey Bunches of Oats from Kraft Foods for $1.65bn.
Imperial Sugar’s share price slumped to a 52-week low on Wednesday, after it reported a wider net loss in the fourth quarter and missed analyst expectations by $1.84.
Procter & Gamble has reaffirmed its commitment to complete the sale of global snack brand Pringles to Diamond Foods by June 2012, despite a sharp fall in Diamond’s share price last week.
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
Ralcorp’s board of directors has unanimously rejected ConAgra’s $4.9bn takeover bid, saying that it is not in shareholders’ best interests and that the board is committed to Ralcorp’s independence.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
DuPont has increased its bid for Danish ingredients firm Danisco by 5.3 per cent to DKK700 per share, and has set a final deadline of May 13 for 80 per cent of shares to be tendered.
Danisco’s executive board and members of its board of directors have accepted DuPont’s offer of DKK 665 per share, corresponding to 28,056 shares with a total value of DKK 18.7m, Danisco said on Wednesday.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Kohlberg Kravis Roberts & Co. (KKR), Vestar Capital Partners and Centerview Partners have signed a definitive agreement to acquire Del Monte Foods for $19 a share, or about $5.3bn including debt, Del Monte has said.
Cadbury shares rose today on the back of media report that indicated that US chocolate maker, Hershey’s could be set to make a counter-bid for the UK confectioner, already the focus of a hostile bid from Kraft Foods.
Kraft’s largest shareholder Berkshire Hathaway, run by billionaire investor Warren Buffett, has voted against the issuance of up to 370m shares to acquire Cadbury, it said on Tuesday.
Food and agribusiness firm Bunge has said it has entered an agreement to acquire a Brazilian sugar company with an annual crushing capacity of 15.4 million metric tons.
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.
Israeli flavour firm Frutarom, with clear ambitions to become one
of the top ten flavour players, is seeking a listing on the London
Stock Exchange to raise funds for imminent acquisitions.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit, reports
Lindsey Partos.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit. The move will
make the company's still growing...
Lower sales volumes and higher selling expenses resulted in a drop
in net sales for the first quarter ended 31 March 2003 for US
company Technology Flavors & Fragrances (TFF).
