The following bids, mergers, acquisitions and disposals were reported on Monday. The following bids, mergers, acquisitions and disposals were reported on Monday.
Hospitality/Food
Warrnambool bidding heats up with Murray Goulburn increasing its offer
Warrnambool Cheese and Butter Factory is now the subject of a three way battle as bidders Bega Cheese, Saputo and Murray Goulburn all seek to be the owner of the manufacturer of brands such as Sungold Milk and Great Ocean cheese.
Hotel chain Extended Stay America IPO priced at $20 per share
Hotel chain Extended Stay America Inc raised $566 million after its initial public offering was priced at $20 per share, the mid-point of its expected range.
Australia's Murray Goulburn raises WCB bid to $470 million
Murray Goulburn Co-operative Co Ltd, the second-biggest shareholder in Warrnambool Cheese and Butter Factory Co Holdings Ltd, raised its takeover offer for the Australian dairy company to A$505 million ($470 million), trumping Canada's Saputo Inc's bid.
Marks & Spencer set to expand in India
With its joint venture agreement with Reliance Retail, Marks & Spencer CEO confirmed plans to expand the number of stores in India from 36 to 80 by 2016.
Latest News
TPG Capital and Abraaj Group had formed a partnership to succeed over KKR & Co. in acquiring a majority stake in fast-food chain Kudu. Kudu has over 200 restaurants located in Saudi Arabia.
Money managers saw the retreat of IPO valuations for the Robinson's Retail Holdings Inc's IPO due to the devastation wreaked by Typhoon Haiyan.
A source told Bloomberg that Carlsberg was looking to buy the Tsingtao Brewery Co and Beijing Yanjing Brewery Co.
Singapore investor Temasek Holdings and private equity firm Hopu were among the five investors set to buy a USD213 stake in China Mengniu Dairy Co Ltd.
Retail giant Lulu Hypermarkets, under the leadership Yussuffali MA is expanding to Asia, North Africa and Middle East.
The following bids, mergers, acquisitions and disposals were reported on Friday. The following bids, mergers, acquisitions and disposals were reported on Friday:- Healthcare conglomerate Danaher Corp has teamed up with Blackstone Group LP BX.
German animal health product supplier Boehringer Ingelheim announced its intention to acquire poultry vaccine maker Lohmann Animal Health.
New Zealand's dairy manufacturer Fonterra signed a deal to acquire troubled Tasmania-based company Tamar Valley Dairy.
Beverage giant Coca-cola Co said it would invest USD5 billion in China between 2015 and 2017 to counter competition.
