Illinois-based giant pork producer The Mashhoffs inked a definitive agreement to acquire Midwest poultry producer GNP Company in a deal that will provide the capital that GNP needs for its growth.
Hospitality/Food
Protea bets NGN11.13 billion in Nigeria's hospitality industry
Protea Group has invested NGN11.13 billion (over USD70 million) for the development of more hotel brands in Nigeria, according to the group's chief executive officer.
Ferrero won't go public or sell out, eyes expansion in Asia and US instead
Italy's richest man Giovanni Ferrero said that chocolate company Ferrero SpA has no plans to go public or sell out to a bigger rival. Ferrero unveiled his company's vision to expand in Asia and the US in the next decade.
ARCHER DANIELS MIDLAND SAYS WILL CONSIDER INCREASING STAKE IN GRAINCORP AFTER FULL TAKEOVER REJECTED
Archer Daniels Midland (ADM) said it will consider increasing its stake in GrainCorp after its takeover bid for the grain handler was rejected by the Australian Treasurer on Friday.
Pizza Hut offers to rehire manager who refused to open on holiday
A store manager of a Pizza Hut franchise in Indiana is mulling over a rehire offer from the worldwide pizza chain after he was fired for refusing to open the restaurant on Thanksgiving Day.
Latest News
Hong Kong-based Shuanghui International Holdings intends to offer a counter bid for Spanish meat processor Campofrio. Mexican food company Sigma Alimentos earlier offered Campofrio a takeover deal worth EUR695 million.
Private equity firms who had been in talks with Bikaji Foods International were Norwest Venture Partners, Sequoia Capital, Lighthouse Capital and Tano Capital, three unnamed sources told The Economic Times.
Burger King Worldwide Inc. formed a joint venture with Bertrand Holding Co. and Naxicap Partners to open new stores in France in the first half of next year. Burger King returned to the country last year, opening three stores with Italian restaurant operator Autogrill.
France's Accor on Wednesday announced a plan to break up the hotel group in order to improve its performance and shareholder returns. Accor, the largest hotel group in Europe, owns luxury and upscale brands such as Sofitel and The Sebel.
New Zealand-based dairy firm Fonterra has completed its acquisition of Australia's Tamar Valley Dairy in Tasmania, which is now fully-owned and managed by Fonterra Australia.
US-based Archer Daniels Midland Company has increased its offer for agricultural firm Graincorp Ltd by USD200 million to reinforce Australia's agricultural infrastructure through rail enhancement projects.
Private equity firm TPG has asked a specialised Dutch court to order an inquiry into the affairs of Strauss Coffee, in which it holds a 25 percent stake, claiming majority owner Strauss Group had abused its rights in the company.
The following bids, mergers, acquisitions and disposals were reported on Monday including Greece banking, Fiat, BOFA, Mechel, Saputo, RBS, Lohmann, Carlyle Group, Monte dei Paschi di Siena, Kuwait Airways, Dubai Holding, SunEdison, Blackstone, Greece National Bank, IMG Worldwide, KKR, Babcock, AMR, Orrick, BAC and Fisker Automotive.
Blackstone Group LP's decision to sell its La Quinta Inns & Suites hotel chain was reportedly done in order to obtain higher returns as oppose to conducting a private sale, sources said to Bloomberg.
