All Mergers and acquisitions articles – Page 70
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NewsDiageo swoops for a majority stake in Seedlip
The deal – completed for an undislosed amount – follows Diageo’s minority investment in Seedlip in 2016
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NewsCity snapshot: Applegreen agrees $38m Connecticut plazas deal
Applegreen has further expanded in the US with the 40% acquisition of 23 highway services plazas in Connecticut for $37.6m. Plus, second quarter net sales rise 1.5% at Ahold Delhaize after a strike hits headline revenues and all the rest of the latest news from the City.
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NewsEG Group acquires US forecourt retail operator Cumberland Farms
Cumberland Farms also has its own food and drink brands under the Cumberland Farmhouse and Cumberland labels
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NewsCranswick eyes non-meat growth with £43.5m Katsouris Brothers deal
British pork giant Cranswick has bolstered its non-meat credentials with the £43.5m acquisition of UK-based Mediterranean food specialist Katsouris Brothers.
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NewsMajestic Wine sold to US investment firm Fortress in £95m deal
Majestic Wine has sold its Majestic-branded retail division and its commercial business to US investor Fortress Investment Group for £95m. Plus, all the rest of the latest news from the City.
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NewsJust Eat agrees £9bn merger with Dutch rival Takeaway.com
Just Eat has agreed to merge with Dutch delivery firm Takeaway.com in an all-share deal to create a £9bn listed fast food delivery giant.
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NewsBrexit fears force down value of food and drink sector deals
Food and drink deal values more than halved in the second quarter as Brexit-related caution continued to stem the flow of larger deals.
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NewsBlack Sheep Coffee expands London footprint with Taylor St Baristas cafes acquisition
Independent coffee chain Black Sheep Coffee has acquired eight cafes from rival Taylor St Baristas ahead of the latter’s collapse into administration
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NewsPepsiCo agrees deal to buy Fruit Bowl parent company Pioneer Foods
PepsiCo has made a $1.7bn bid to acquire Pioneer Foods Group as it targets expansion in Africa.
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NewsCity snapshot: AB InBev sells Australian brewing arm to Asahi for $11.3bn
Anheuser-Busch InBev has agreed to sell its Australian beer business Carlton & United Breweries to Japanese brewing giant Asahi Group in a deal valued at US$11.3bn. Plus, travel food retail specialist SSP Group has grown revenues by 9.2% in its third quarter and all the rest of the latest news from the City.
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NewsMeat supplier Cheshire Food rescued out of administration
The Manchester-based meat wholesaler collapsed following a tough trading period which “rendered the company insolvent”
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NewsBidfood acquires Brighton-based wholesaler Elite Fine Foods
Elite delivers to more than 2,500 catering establishments across the UK from its seven multi-temperature sites
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NewsCrowdfunders burnt as Hop Stuff rescued from administration by Molson Coors
London-based craft brewer Hop Stuff has been sold to Carling owner Molson Coors in a pre-pack deal, wiping out £1.5m of crowdfunding investment.
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NewsRaylex Brands acquires Wow Drinks to grow plant-based portfolio
Raylex said the acquisition would help on its mission to build a plant-based drinks portfolio
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NewsCanadian cannabis giant eyes Europe with Bridge Farm deal
A flower supplier chaired by Morrisons chairman Andy Higginson has been bought by a Canadian cannabis giant as it looks at European expansion.
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NewsScottish Salmon Co mulls sale
The Scottish salmon producer is considering selling all or part of the business as part of a review launched in April.
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NewsAB InBev buys BeerBods subscription service and The Bottle Shop assets
BeerBods said the deal would ‘help it reach its full potential’
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NewsAmazon Deliveroo investment halted by CMA intervention
An initial enforcement order has been served on the two companies over concerns they may no longer be operating separately
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NewsFroneri enters Israeli market with Noga Ice Cream acquisition
Froneri has agreed to acquired Nestlé business Noga Ice Creams, launching into the Israeli market for the first time.
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NewsOrkla buys UK toffee manufacturer Confection by Design to expand UK foothold
The Scandinavian-based food group acquired the fudge manufacturer for an undisclosed amount.