Stock

Blue Apron hit with avalanche of stock-drop lawsuits

Blue Apron hit with avalanche of shareholder lawsuits

By Elaine Watson

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...

Source: Keurig Green Mountain

Investor group acquires Keurig Green Mountain for $13.9 billion

By Elizabeth Crawford

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...

Rock 'n' Roll PepsiCo? OK, we're only kidding, but Nelson Peltz insists a faster, sharper drinks standalone would compete better with Coke

‘Whatever happened to my beverage rock ‘n roll?'

Reset or risk drinks 'destruction' in North America: Peltz warns Pepsi

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.

Dole, once synonymous with canned pineapple, is now exclusively a fresh foods company.

Dole completes sale of processed food business

By Hank Schultz

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...

Ralcorp board approves Post cereals spin-off

Ralcorp board approves Post cereals spin-off

By Caroline Scott-Thomas

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.

DuPont succeeds in Danisco bid

DuPont succeeds in Danisco bid

By Caroline Scott-Thomas

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.

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