All Mergers and acquisitions articles – Page 2
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NewsBakkavor rejects Greencore merger approach to create a £4bn food giant
Shares in Bakkavor have rocketed by 16.6% as the markets digested the news
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NewsAsda’s Allan Leighton axes 6,000 SKUs and warns of major profit drop
Executive chairman Allan Leighton said Asda planned to slash thousands of SKUs
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NewsDiageo pulls out of Distill Ventures accelerator as part of strategic reshape
Diageo has invested over £245m in more than 35 businesses through the Distill programme
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NewsDeliveroo CEO Will Shu quashes reports he’s stepping down
“I’m not. You’re hearing it from me,” Deliveroo CEO Will Shu told The Grocer
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NewsFood & drink deal activity bounces back to five-year high in 2024
Dealmakers are confident momentum in the food & drink M&A market is set to ramp up in 2025 after activity in the industry recovered to a five-year high in 2024
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NewsCérélia admits CMA defeat and sells Jus-Rol to private equity
London-based Rinkelberg Capital acquired the Jus-Rol business from the French bakery giant after numerous appeals by the group to overturn the CMA’s order to unwind the deal fell flat
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NewsYeo Valley Production snaps up The Collective yoghurt brand
Yeo Valley said the deal would enable more opportunities for The Collective to ’deliver innovative dairy’ to British fridges
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NewsCake Box agrees buyout of Asian sweet seller Ambala Foods
The deal consists of £16m for Ambala itself and £6m for its manufacturing facility
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NewsCity snapshot: Cake Box to buy Ambala Foods with £7m of new shares
Ambala is a family-run manufacturer and retailer of Asian sweets. Also, Applied Nutrition announces joint business plan with Holland & Barrett
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NewsCompleat Food Group buys The Real Yorkshire Pudding Company
It is the latest milestone in the company’s ongoing spending spree
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NewsWalgreens Boots Alliance agrees to $10bn private equity takeover
Boots owner Walgreens Boots Alliance has agreed to a $10bn takeover offer from private equity firm Sycamore Partners, bringing the pharmacy giant’s time as a public company to an end
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NewsWilliam Grant & Sons The Famous Grouse acquisition green-lit by CMA
The deal remains subject to approval in other countries, however
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NewsCity snapshot: Boots owner closing in on $10bn private equity takeover
Walgreens Boots Alliance is reportedly closing in on a deal worth $10bn to be taken private by a US private equity firm. Also, Valentine’s Day was bigger than ever this year, according to NIQ
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NewsKitwave revenue grows 10% due to latest buying spree
The AIM-listed business completed the acquisition of three businesses last year
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InterviewsZuber Issa: it’s back to basics for EG’s Man on the Move
Having ‘changed the forecourt sector for the better’ with EG, and learning from the ‘beast’ that is Asda, Zuber Issa is turning his focus to EG On The Move
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NewsNew Unilever boss Fernando Fernandez set to offload Marmite and other food brands
The surprise departure of Unilever CEO Hein Schumacher this week is likely to speed up a sell-off of non-core brands such as Marmite and put the prospect of transformational M&A back on the table, according to industry experts
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NewsFiddes Payne home baking business acquired by Albex Group
The Fiddes Payne deal will enable the home baking group to grow its production, accelerate NPD and ‘ensure excellent customer standards are maintained’
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NewsEnglish winemaker Gusbourne board backs move to go private
The idea was initiated by majority shareholder and former Conservative politician Lord Ashcroft earlier this month
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NewsCity snapshot: Just Eat set to be acquired and B&M boss Alex Russo to step down
Just Eat Takeaway has agreed to a €4.1bn offer from Dutch investment group Prosus. Plus, B&M CEO Alex Russo to step down as the discounter issues another profits warning
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NewsJust Eat agrees to €4.1bn offer from Prosus
Just Eat Takeaway is set to be acquired by Dutch investment group Prosus for €4.1bn with a view to building a European food delivery champion