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.
Hospitality/Food
Accor announces hotel group split-up
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.
Fonterra completes acquisition of Tasmania's Tamar Valley Dairy
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.
ADM sweetens bid for Australia's Graincorp
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.
TPG files suit against Israel's Strauss in Dutch court
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.
Latest News
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.
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.
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.
Observers said the delay in Sprout Farmers Market Inc's stock offering is a rare occurrence, but the said plan is expected to push through next week.
Pork producer The Maschhoffs LLC announced on Friday that it has agreed to purchase chicken company GNP Company for an undisclosed amount. GNP company is the 18th-biggest broiler producer in the US.
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.
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.
