The Board of Directors of global hospitality and travel firm Carlson has given its approval for the evaluation of strategic alternatives for American casual bar and grill TGI Fridays Restaurants.
Hospitality/Food
Diageo to exit from majority of Whyte & Mackay assets
In order to comply with competition issues surrounding its July acquisition of Whyte & Mackay owner United Spirits Limited, Diageo PLC offered to sell majority of the latter's distilleries.
Japan launches fund to boost soft exports
The Japanese government is set to launch the Cool Japan Fund which aims to use USD1 billion of public funds to boost the exports of certain foods, drinks, fashion, animated movies, and other products.
Ethiopian program to lease farmland for food production to private investors encounters setbacks- report
The Ethiopian government's program to lease farmland to private investors to grow food has experienced several setbacks, a report from Bloomberg said. The program was started in 2008.
Saputo hikes Warnambool bid to USD472 million in three-way contest
Canada-based milk processor Saputo Inc raised its acquisition offer for Australia-based Warrnambool Cheese & Butter Factory Co to AUD515 million in a three-way bid contest with dairy firms Bega Cheese Ltd and Murray Goulburn Cooperative Co.
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The following bids, mergers, acquisitions and disposals were reported on Friday, including Microsoft, Comcast, Green Dot, Goldman Sachs and others.
IK Investment Partners had sold its full ownership in Europe Snacks Group to a French private equity firm Apax Partners for an undisclosed amount and will be completed before the year ends.
Hotel operator Hilton Worldwide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, according to a source familiar with the matter.
Resort developer Discovery World Corp dropped as much as 7.6% in its public debut. The IPO was set just barely two weeks after Typhoon Haiyan devastated the central part of the Philippines.
YST Dairy chose a lower price for its shares set to debut in Hong Kong on November 26. At HKD 2.70 per share, the pricing gave YST some wiggle room for a pop on its first trading day.
India's corporate real estate developer RMZ Corp is set to acquire the Four Seasons hotel project in Bangalore in a deal that is valued at USD100 million.
A Business Standard report said impact investors and social entrepreneurs in India are now concentrating their investments on the urban poor market. These social ventures have been steadily gaining ground with investors providing seed and early stage capital.
The US Treasury Department will meet with the banking industry in December to give guidelines on how to deal with marijuana businesses in states that have legalized marijuana use.
YuanShengTai Dairy Farm, China's fourth biggest raw milk producer, has priced its Hong Kong initial public offering (IPO) at HK$2.70 per share, below the mid-point of expectations, IFR reported.
