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Tag: mergers
Mergers on menu for food and drink sector
2016-01-14 15:59:02| Agriculture - Topix.net
But for the growing number of consumers who are turning away from packaged food, the merger was a defensive one, aimed at addressing low sales growth by cutting costs in order to make two of America's best-known, but ultimately tired, brands more profitable. Saving $1.5bn a year, the merger will shed 5,000 jobs, or 10 per cent of the combined workforce, and close seven manufacturing plants.
Rail mergers could be 'destructive' to shareholder value - CSX Ceo
2016-01-13 20:10:40| Railroads - Topix.net
Jan 13 No. 3 U.S. railroad CSX Corp does not see any compelling benefits stemming from mergers of major railroads in North America and fears regulatory burdens could be attached to the approval of deals that would add to the cost of doing business, the railroad's top executive said on Wednesday.
Tags: value
ceo
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shareholder
Deals of the day- Mergers and acquisitions
2016-01-13 13:19:45| Beverages - Topix.net
** Abraaj Group, a Dubai-based private equity investor, said it planned to buy a majority stake in Quality CARE India Ltd, which runs CARE Hospitals, from global PE firm Advent International, marking the emerging markets-focused firm's latest investment in India. ** UK-listed mid-sized oil producer Premier Oil is buying German utility E.ON's oil and gas assets in the UK part of the North Sea, three banking and industry sources told Reuters.
Tags: day
deals
acquisitions
mergers
PolyOne Promotes Joel Rathbun to Senior Vice President, Mergers & Acquisitions
2016-01-05 06:00:00| Coatings World Breaking News
Tags: senior
president
vice
vice president
Deals of the day- Mergers and acquisitions
2015-12-29 14:36:27| Auto Parts - Topix.net
** Pep Boys-Manny Moe & Jack said its board determined activist investor Carl Icahn's latest buyout offer was superior to the deal it accepted from Bridgestone Corp , and the U.S. auto parts retailer moved to terminate the Bridgestone agreement. ** The founder of Hanergy Thin Film Power Group Ltd , once China's wealthiest man on paper, plans to sell a 6 percent holding at a fraction of the shares' last traded price in May, valuing the embattled solar technology firm at just $1.2 billion.
Tags: day
deals
acquisitions
mergers
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