SABMiller is recommending that shareholders accept a revised takeover offer from AB InBev. Meanwhile, the ‘megabrew’ deal has received conditional clearance in China.
After struggling with slumping stock prices, increased competition and consumer complaints, Keurig Green Mountain stockholders received some good news for a change Dec. 7 when an investor group led by JAB Holdings acquired the single-serve coffee pod...
AB InBev says it is ‘surprised’ at SABMiller’s reaction to its mega-brewer proposal: after SABMiller yesterday rejected a $103.6bn / £68bn takeover approach.
A Dallas lawyer who established a company to launch a vodka brand then unlawfully used investor funds for his own benefit faces steep fines and a long jail sentence after an ongoing FBI investigation led him to plead guilty to separate federal charges...
By ‘Whatever happened to my beverage rock ‘n roll?'
PepsiCo must return to its roots as a ‘lean, hard-hitting’ $30bn+ revenue beverage business under standalone management as the current strategy risks destroying its North American arm, Nelson Peltz warns.
China Huiyuan Juice Group – once a $2.4bn takeover target for The Coca-Cola Company – suspended trading in its shares on the Hong Kong Stock Exchange today due to ‘possible inside information’.
Mexican authorities are reportedly examining a $76m trade brokered by UBS in Coca-Cola FEMSA shares just hours before the firm announced its acquisition of rival bottler Grupo Yoli on January 17.
PepsiCo’s failed attempt to acquire outstanding shares in two of its bottling groups could be heading to court after it filed suit against one of the parties it alleges kept some of its affiliated directors in the dark at recent board meetings.
The Trian investment group, led by Nelson Peltz, yesterday called
for Cadbury to make a raft of improvements to its operations,
threatening to take matters out of management's hands if the
requests are not met.
Australian beer and wine group Foster's said it was unaware of any
takeover interest, after shares soared Tuesday amid rumours that
multinational brewers were circling to buy the group.
Israeli flavour firm Frutarom, with clear ambitions to become one
of the top ten flavour players, is seeking a listing on the London
Stock Exchange to raise funds for imminent acquisitions.
The SABMiller vulture has begun to hover as doubt is cast on the
outcome of next week's shareholder vote on a merger with Coors,
writes Kim Hunter Gordon.
Number one cultures supplier Chr. Hansen is up for sale as its
major stakeholder decides to pull away from the ingredients slice
of the company to focus on the pharmaceutical unit. The move will
make the company's still growing...
In reaction to the continued buy up of shares in Sun Interbrew
by a Russian investment company, parent company Interbrew has responded by announcing measures to
control the sale of voting shares. The move has been made in an
effort...
UK-based consumer packaging company Rexam has completed its
acquisition of Latasa, Brazil's largest beverage can maker. Just
over 5 million shares of Latasa common stock and 80,000 preferred
shares have been acquired, bringing...
In order to ensure sustained improvement, packaging giant Krones
yesterday proposed the conversion of non-voting preference shares
into Krones ordinary shares. The company believes that the
liquidity of the Krones stock will be enormously...
Alcan has confirmed further details of the acquisition of shares in
the Flexible Packaging Division of Hydro Aluminium Deutschland.
This will allow the company to expand its European operations and
penetrate the Asian market.
Rexam, the global consumer packaging company, has reached an
agreement with family shareholders to acquire 100 per cent of Lüner
Glashüttenwerke, a German glass container manufacturer.
Interbrew's Czech brewery Prazske Pivovary has completed the first
stage of its financial restructuring designed to help increase its
share capital and provide cash for future developments.
A steady drop in the company's share price over the last month has
prompted Coca-Cola HBC's main shareholders to withdraw plans for a
secondary listing in New York.
Wimm-Bill-Dann, the Russian food and drink producer, has denied
reports in the international press that it is being eyed by Nestle,
the giant Swiss food and drink group.
