All Mergers and acquisitions articles – Page 44
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NewsMorrisons takeover set to clear final hurdle after CMA accepts forecourt disposal plan
CD&R has offered to divest 87 of MFG’s petrol stations to “a purchaser or purchasers to be approved by the CMA”.
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NewsFood and drink M&A withstands the pressure of inflation
Grant Thornton’s new quarterly M&A analysis found the 35 completed transactions in the quarter broadly matched total deal volumes in the previous three quarters
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NewsCapVest to build new global snacking player with Second Nature Brands acquisition
Private equity player CapVest has acquired US-based better-for-you snacks player Second Nature Brands as it seeks to establish a new platform for alternative snacking.
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NewsWholesaler Dunsters Farm acquires The Little Food Company
The Little Food Company operations director Mark Keats will stay on to manage day-to-day operations
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NewsDanone shares soar as rumours of Lactalis takeover talk emerge
Danone shares have surged more than 8% today as speculation emerged that fellow French dairy giant Lactalis is exploring a surprise takeover of its larger rival.
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NewsPoundland drops online supplier founded by high street rival Chris Edwards
Gem Imports previously supplied Poundshop.com but the relationship is ending following Poundland’s acquisition of the online discounter
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Analysis & FeaturesWhat does Weetabix owner have in mind for protein drink Ufit?
Weetabix is moving beyond breakfast and into the chilled aisle
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NewsMorrisons hit with credit downgrade over debt concerns following CD&R takeover
Plans to refinance Morrisons multibillion-pound debt pile have been dealt a blow as Moody’s downgraded the supermarket’s credit rating
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NewsIRCA ingredients firm sold by Carlye to Advent International
The group suppliers a range of customers such as patisseries, gelato parlours, hotels, restaurants and confectionery manufacturers with specialty ingredients for artisanal pastries, cakes and ice cream.
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NewsKestrel Foods acquires non-HFSS granola brand Just Live a Little
The deal signalled its “ongoing commitment to becoming an innovative leader in the plant-based snacking market”, said Kestrel Foods
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NewsMorrisons new owners look to speed up refinancing despite profits warning
Sources said despite the gloomy predictions in the update given yesterday, it had “cleared the way” for CD&R to seek bank support to refinance more than £6bn of short-term borrowing
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NewsMedina-Freshways merger approval welcomed by both dairy processors
The CMA suggested Medina would have struggled to continue trading if the merger could not proceed
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NewsCity snapshot: Diageo buys US flavoured tequila brand 21Seeds
Diageo has acquired US flavoured tequila brand 21Seeds to boost its portfolio of high growth brands
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NewsCity snapshot: Tate & Lyle to acquire Chinese dietary fibre business for US$237m
Tate & Lyle has signed an agreement to acquire Quantum Hi-Tech (Guangdong) Biological Co, a prebiotic dietary fibre business in China for US$237m (£180m).
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NewsFox’s and Burton’s Biscuits unite to become one business
It will be led by Simon Browne, who was previously MD of Burton’s Biscuits
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NewsCarlsberg to sell Russia’s biggest brewer Baltika
Danish brewing giant Carlsberg is to dispose of its Russian arm, where it is currently the market leading brewer in the country
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NewsHeineken to dispose of its Russian business and take €400m hit
Global brewer Heineken has announced it will dispose of its Russian business and leave the country due to its war on Ukraine.
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NewsCMA gives Boparan green light for Banham Poultry acquisition
After taking a closer look at the transaction and launching a phase 1 inquiry in January, the Competition & Markets Authority (CMA) cleared the deal.
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NewsLittle Moons hires Mike Hedges as CEO after L Catterton invests
Hedges joins the business as CEO on 4 April to support further distribution expansion in the UK and overseas.
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NewsT Quality acquires Scottish wholesaler Morrison’s Foodservices
It comes as T Quality looks to expand its delivery network to cope with increased demand