M&A – Page 124
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NewsCity Snapshot: SABMiller and AB InBev agree £44 per share deal
SABMiller has announced this morning it has agreed a £44 per share cash deal with AB InBev worth around £70bn.
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NewsClearwater Seafoods lands Macduff Shellfish in £100m deal
Scottish seafood processor Macduff Shellfish Group has been sold to Canada’s Clearwater Seafoods in a £98.4m deal.
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NewsSABMiller ratchets up cost-savings to bolster AB InBev defence
SABMiller has more than doubled its targeted cost savings over the next five years in latest move in the escalating takeover battle with AB InBev.
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NewsDiageo and Heineken swap emerging markets assets in $780m deal
Diageo has agreed a $780.5m (£515m) three-part deal with Heineken to swap assets in emerging markets.
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NewsSABMiller rejects new £68bn takeover bid from AB InBev
The SABMiller board still has to formally consider the new offer made by AB InBev but indicated in a statement to the City on Wednesday morning (7 October) it was not minded to accept it.
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NewsThe Bite Group saved as Adelie Foods buys from administrator
Chilled food to go manufacturer Adelie Foods has bought Enniskillen sandwich and fresh food company The Bite Group from administrator Deloitte.
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NewsCallan Bacon owner expands UK presence with Stirchley Bacon deal
Irish pork processor M&M Walshe has acquired wholesale supplier Stirchley Bacon in a cross-border transaction creating a €120m (£88.7m) group.
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NewsNestlé and R&R to merge ice cream businesses
Nestlé is in advanced talks to join forces with European ice-cream company R&R to create a frozen giant employing more than 10,000 staff and operating in 20-plus countries across the world.
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Analysis & FeaturesWill the Magnificent Seven lagers thrive in ABI/SAB megabrew?
When the top player in any industry looks to take out its nearest rival, regulatory alarm bells inevitably start to ring
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NewsGist and Dutch Flower Group extend logistics partnership
Dutch Flower Group (DFG), the biggest retail supplier of flowers and plants in Europe, has extended its contract with Gist
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NewsKapak Foods rescue deal saves 150 jobs
Food packing specialist Kapak Foods has been rescued from administration with the backing of a private equity firm, saving 150 jobs.
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NewsSamworth Brothers acquires sports nutrition brand SCI-MX
Samworth Brothers has acquired SCI-MX Nutrition, owner of sports nutrition brand SCI-MX
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NewsQuorn snapped up in £550m deal
Quorn is the latest food brand to fall into foreign hands with a £550m sale to a branded consumer goods company based in the Philippines.
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NewsDairy Crest deal closer after Müller modifies undertakings
The regulator says it is happy with modified undertakings from Müller, paving the way for clearance
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NewsMoy Park confirms completion of sale to JBS
Norther Irish poultry specialist Moy Park has confirmed it has completed its $1.5bn (£988m) sale to Brazlian meat giant JBS.
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NewsKellogg continues emerging markets push with Egyptian acquisition
Kellogg’s has expanded its emerging markets footprint with the acquisition of Egypt’s largest cereal company.
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NewsPiper invests £6m in natural pet food brand Forthglade
Natural pet food manufacturer Forthglade has secured £6m backing from private equity house Piper as the brand aims to become a household name.
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NewsYoung's to keep open two under-threat Scottish sites, saving 250 jobs
The processor had considered closing the sites after losing a Sainsbury’s salmon contract
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NewsDairy Crest plays down potential delay of sale to Müller
CEO Mark Allen has told the City he is“hoping for positive news” soon
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Analysis & FeaturesVan man Mike Greene itching to get My Local on the road
The entrepreneur is confident simple changes to layout and ranging can work wonders for the stores whatever the locations