Sources told Bloomberg that Darling International was closing in on a deal to buy Vion Ingredients, the meat rendering business of Vion Food Group Ltd.
Hospitality/Food
IPO to value Stock Spirits at least USD 675 million- terms of sale
The initial public offering of Stock Spirits Group would value the company at GBP 420 million or USD 675 million.
Less than half of chicken in nuggets is meat- study
A study published in the American Journal of Medicine showed that chicken nuggets is mostly fat, blood vessels, bones and skin.
B&G buys Rickland Orchards
B&G Foods Inc announced today that it had acquired Rickland Orchards through a combination of cash and stock payment.
Bloomberg: China Resoures looking to sell Hong Kong meat unit
China Resources, a state backed conglomerate, had been studying its options including a possible sale for its Hong Kong meat distribution unit, said a report from Bloomberg News.
Latest News
The Al Habtoor Group would be investing USD 3 billion in a real estate development in Dubai. Al Habtoor Group said it would it would be launching a USD 3 billion real estate development in Dubai.
Addressing concerns as to the lack of progress in its bid to open shop in India, Wal-Mart said it is negotiating with Bharti for final details.
Australian Prime Minister Tony Abbott said his country would be more receptive now to foreign investment.
A Reuters report said Dubai made its plans public to become the center for Islamic business and sukuk issuance in the world.
On Friday, the New York bourse saw an increase in trading of Potbelly Corp's shares after its public listing launch.
