M&A – Page 10
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NewsEebria deal offering ‘full repayment to all creditors’ collapsed in December
A subsequent pre-pack sale saw Beer52 pay just £30,000 to acquire the business
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NewsCity snapshot: DS Smith confirms new talks over £5.7bn counter offer with New York rival
A multibillion-pound bidding war is underway for cardboard packaging manufacturing DS Smith as the London-listed firm confirmed it had received a counter proposal from a US rival. Plus, the Artisanal Spirits Company publishes full-year results for 2023
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NewsVillage Bakery set to command £160m price tag as PE owner explores exit
Village Bakery is seeking new owners, with its private equity backer having tasked bankers with running an auction for the premium private-label bread maker
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NewsModern Milkman expands into US with acquisition of namesake milk round business
Online grocery delivery service Modern Milkman has acquired its US namesake as part of an ambitious expansion to take its sustainability mission overseas
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NewsAccrol subject of £130m takeover bid as Navigator sets sights on UK toilet tissue
Portugal’s Navigator, a paper and pulp group listed on the Lisbon Stock Exchange, offered 38p a share to buy the Blackburn-headquartered business that counts all the UK’s major supermarkets and discounters as customers
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Comment & OpinionAfter Unilever ice cream sale, what future for food and nutrition?
First it was frozen. Then spreads and tea. Now it’s ice cream. What’s next for Unilever’s food and nutrition division?
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Analysis & FeaturesOut of the ashes: Why pre-pack deals have left drinks suppliers raging
A spate of pre-pack administration deals have left hordes of suppliers out of pocket. How ethical is this so-called ‘phoenix-ing’?
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NewsS-Ventures in takeover talks with AIM-listed investment firm
Struggling fmcg investor S-Ventures is in talks with an AIM-listed firm over a potential takeover to support future growth
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NewsUnilever to spin off ice cream division in £15bn move
Unilever has unveiled plans to spin out its €7bn (£6bn) global ice cream business in an acceleration of new boss Hein Schumacher’s strategy to turn around the group’s performance
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NewsBeer52 moves into distribution with pre-pack deal for Eebria
It came after Eebria was placed into administration on 19 March
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NewsMajestic eyes move for bar chain Vagabond Wines
A move for Vagabond would see Majestic further grow its physical footprint
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NewsPromise Gluten Free set for auction as owner explores options
The Grocer has learned an information memorandum is set to be sent to possible buyers in the coming weeks by Lincoln International, which is running the auction process
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NewsBorough Broth acquires vegan curry brand SpiceBox
Borough Broth has acquired vegan curry producer SpiceBox, the Indian foods retail brand founded by Grace Regan
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NewsThanet Earth acquires new business to produce lettuce all year round
The new venture will trade as Thanet Earth Lettuce and will produce lettuce under glass for 12 months of the year in a deep flow, hydroponic system
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NewsPukka Pies kicks off £100m potential sale process
Pukka Pies has kicked off an M&A process that could value the brand at upwards of £100m as supermarket sales of its savoury pastries continue to boom
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NewsButlers Farmhouse Cheeses snaps up Tunworth owner Hampshire Cheese Co
The deal made Butlers the UK’s largest independent soft cheesemaker, Butlers said
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Comment & OpinionMorrisons is the elephant in the room of the M&A scene
Unconfirmed reports this week that Morrisons is exploring the sale of Rathbones are potentially embarrassing to Morrisons and to CEO Rami Baitiéh if true
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Analysis & FeaturesWhen will the price be right to get deal volumes moving?
Newlat’s exit from Princes takeover talks reflects a market in which deals are not getting done. What’s stalling activity, and will it pick up?
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NewsCity snapshot: Wincanton recommends new £762m offer from GXO
The board of British logistics giant Wincanton have recommended shareholders accept the new offer £764m from GXO after the US business gazumped French rival Ceva
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NewsWincanton bidding war heats up as GXO tables £760m rival offer
GXO Logistics rival offer for Wincanton far surpasses French multinational Ceva’s initial bid