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Brazilians bid $611m for Chiquita
2014-08-11 19:31:32| BBC News | Business | UK Edition
Two Brazilian companies make a $611m (363m) bid for US banana group Chiquita, which had planned to merge with Irish fruit firm Fyffes.
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Cutrale, Safra join in bid to buy Chiquita
2014-08-11 18:50:35| Food - Topix.net
Just as Chiquita Brands International Inc. is completing its acquisition of Fyffes plc, a juice seller and a Brazilian investment firm are working to buy Chiquita, Reuters reports.
AUS: Treasury Wine Estates receives competing takeover bid
2014-08-11 02:24:00| Daily beverage news and comment - from just-drinks.com
One week after Kohlberg Kravis Roberts & Co (KKR) and Rhone Capital pitched a joint-takeover bid for Treasury Wine Estates, another "global private equity investor" has thrown its hat into the ring for the Australia-headquartered wine group.
Scotts rolling out new organic line Nature's Care in bid for millennials
2014-08-08 19:24:34| Chemicals - Topix.net
Scotts Miracle-Gro Co. has developed a new natural product line with hopes that the brand can spike sales in the small-but-growing organics market.
Deutsche Telekom CEO rules out Iliad bid for T-Mobile
2014-08-07 15:01:00| Telecompaper Headlines
(Telecompaper) Deutsche Telekom has rejected the offer from France's Iliad to acquire T-Mobile US. Deutsche Telekom CEO Tim Hoettges said in a conference call on the company's quarterly results that Iliad's offer did not meet the group's criteria for selling the US subsidiary, Reuters reports. "We have always said that we would be open to offers for T-Mobile US which would improve its position and that of its shareholders," Hoettges said. "At the moment, we don't have an offer which fits those criteria." This appears to rule out Iliad's offer, while Sprint earlier indicated that it was no longer interested in consolidation with T-Mobile. A person close to Iliad told Reuters that the French company would weigh whether to improve its USD 33 per share bid for 56.6 percent of T-Mobile US, but that it first wanted to talk to the German company to learn more about its expectations. Much would depend on whether another bidder emerges, the person said, and whether Iliad can convince Deutsche Telekom of its ability to run T-Mobile in a more cost efficient way. Hoettges said T-Mobile would look for regulatory support if it could not agree a merger. "In the US we have the situation that the two largest operators take more than 100 percent of the cash flow in the market," he said. "If consolidation is not desired, regulators should help to improve the position of smaller operators." The CEO underlined that T-Mobile was still growing strongly on its own and none of the offers for the company "give better growth perspectives than we currently have."
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