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Tag: sell business
Del Monte Foods Reaches Agreement to Sell Consumer Products Business and Focus on Pet Products
2013-10-11 12:04:04| Food - Topix.net
Given the distinct operations and markets of Del Monte Foods' two segments, Pet Products and Consumer Products, a sale of the Consumer Products segment to DMPL will ensure that both business units are best positioned for growth in their respective markets.
Tags: business
del
products
sell
Nokia to sell Devices & Services business to Microsoft in EUR 5.44 billion all-cash transaction
2013-09-03 18:34:34| Location-Based Services (LBS) Zone
Tags: services
business
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eur
Nokia to sell mobile phone business to Microsoft
2013-09-03 08:24:00| Telecompaper Headlines
(Telecompaper) Microsoft has agreed to acquire the mobile phone business of Nokia for EUR 3.79 billion. In addition it will pay EUR 1.65 billion to license Nokia's patents, bringing the total value of the deal to EUR 5.44 billion in cash. The takeover follows Nokia's decision in early 2011 to adopt Microsoft's Windows software for its smartphones. Microsoft said the takeover will allow it to accelerate the growth in Windows and expand its share of the mobile phone market, through faster innovation, increased synergies, and unified branding and marketing. Pending approval by Nokia's shareholders and regulators, the deal is expected to close in the first quarter of 2014. MIcrosoft will finance the takeover from its existing cash. The acquisition includes all of Nokia's Devices and Services business, including around 32,000 employees and the Lumia and Asha brands. The operations generate around EUR 14.9 billion in revenues, or almost 50 percent of Nokia's sales for 2012. Nokia will retain ownership of the Nokia name and license it to Microsoft. Nokia also holds on to its patent portfolio, to which Microsoft receives a 10-year non-exclusive licence. Nokia CEO Stephen Elop will move back to Microsoft and become head of the company's devices business, including mobile phones, the Xbox and the Surface tablet.
Tags: business
phone
mobile
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Maple Leaf Foods to sell biodiesel business to U.S. firm for $645-million
2013-08-23 16:37:00| Food - Topix.net
Canadian food processor Maple Leaf Foods said it agreed to sell its biodiesel business to Darling International Inc, a food waste recycling company, for about $645 million in cash.
Tags: business
sell
firm
foods
Campbell Soup in talks to sell European business to CVC Capital Partners
2013-08-14 01:00:00| Food Processing Technology
US-based Campbell Soup has announced that it is in final and exclusive negotiations for the potential sale of its business in Europe to UK-based private equity firm CVC Capital Partners for an undisclosed amount.
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