CSM NV sold its bakery business to Rhone Capital while returning funds to its shareholders. CSM NV, a firm from the Netherlands, is giving back Eur250 million or $334 million, to its shareholders.
Consumer Electronics
Kudu Sells Majority Shareholdings
Kudu, the Saudi Arabian fast food chain, is set to sell off its majority shareholdings to private bidders.
Robinsons Retail Group to do largest IPO in the Philippines
Robinsons Retail Group is planning to undertake the largest IPO in the Philippines. The Robinsons Retail Group, whose interests include operations in the consumer market through supermarkets, hardware and department stores throughout the Philippines, is now planning to raise US$924 million through an initial public offer in Manila.
UPDATE - BC Partners acquires Springer Science
BC Partners have finally closed the deal to acquire Springer Science from EQT V and GIC. (Photo : Reuters)This is the logo of Springer Science+Business Media.
Lululemon's plan of action too much - analysts
Analysts describe Lululemon's plans for the company next to impossible, citing its running out of land and consistent losing against Nike and Gap.
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KAGI AG of Switzerland is acquired by Paragon Partners of Germany. (Photo : REUTERS)A man carries a tray of food to pass to the customers in a restaurant.
A second option was added by Mengniu Dairy to its proposed acquisition for Calyle-backed Yashili International Holdings Ltd.
According to two sources, Springer Science's owners have entered new and intense discussions with BC Partners after rejecting the latter's previous offered bid.
Canadian restaurant chain, Tim Hortons faces another pressure from activist investor, Scout Capital Management after its announced stake increase in the company by 5.5% from the previous 1.5% as of the end of March.
Starboard's activist image is strengthened as it battles against China's Shuanghui International over its Smithfield Foods Inc. acquisition.
Etihad Airways has forged an agreement with JAT Airways of Serbia. (Photo : Reuters)The image is the corporate logo of Etihad Airways. Etihad Airways of the United Arab Emirates has entered into an preliminary agreement with the government of Serbia as to a possible equity investment by the Gulf region airway in the country's JAT Airways.
Orchard Supply Hardware Stores Corp filed Chapter 11 bankruptcy protection to proceed with the sale of the company's major assets to Lowe's Companies priced at US$205 billion.
Hilco Brands purchased two brands under Portico Brand Group. (Photo : Reuters)Home improvement and consumer goods are represented by the Portico Brand.
With a US$1.1 billion offer for the Cermaq's fish feed unit, Bain Capital and Altor complicated Marine Harvest's plans of acquiring the entire firm with a US$1.7 billion deal.
