French dairy giant Danone has become the latest European target of activist investors, with New York hedge fund Corvex Management taking a €340m stake in the group.
UK firm Provexis has filed to demerge the Science in Sport (SiS) consumer sports brand it purchased for €10m in June 2011 from its Fruitflow tomato-based ingredients business, as it believes the separation will increase the market value and perception...
Krill oil producer Neptune Technologies and Bioressources has been slapped with two additional class action shareholders’ rights lawsuits and another two law firms have announced investigations into whether the company has violated securities laws.
Neptune Technologies and Bioressources has been hit with a shareholder rights lawsuit over the Nov. 8 explosion and fire that destroyed the company’s production facility and a resulting steep decline in the company’s share price.
Irish dairy giant Glanbia is “confident” of delivering its full year profits target, despite reporting marginal growth for the first nine months of 2012.
The consumer arm of German pharma giant Bayer Healthcare is to pay $1.2bn (€920m) for US food supplements company Schiff Nutrition International, a move that will make it one of the biggest operators there, feed product development globally, and may not...
US chemical group DuPont has successfully completed its tender offer for Danisco, as 92.2 percent of outstanding shares in the Danish food ingredients firm were tendered by Friday’s deadline, DuPont said on Monday.
Elliott International has increased its Danisco shareholding to 10.01 per cent and has not yet given any indication of tender plans, despite the Friday deadline for 80 per cent of shares to be tendered in order for the deal to go through.
DSM has tendered its 4.95 per cent stake in Danish ingredients firm Danisco, after buyer DuPont raised its offer to DKK700 on Friday following discussions with major shareholders.
DuPont has increased its bid for Danish ingredients firm Danisco by 5.3 per cent to DKK700 per share, and has set a final deadline of May 13 for 80 per cent of shares to be tendered.
Royal DSM’s acquisition of Martek Biosciences Corporation has moved a step closer to finalisation with the news that its tender offer to buy all of the company’s outstanding shares of common stock at a price of $31.50 (about €24) per share has proved...
DuPont’s €4.9bn acquisition of Danish probiotics and sweeteners specialist Danisco this week is vindication of the increasing economic viability of functional foods, according to analysts.
Danisco is to be snapped up by DuPont for $6.3bn, in a deal Dupont says could create a global leader in industrial biotech – and help drive science-based solutions to the world’s food and fuel challenges.
Regulating food speculation in the City of London is the lynchpin to preventing volatility over food prices, say economists, as parallel measures on both sides of the Atlantic will block traders conducting secretive deals wherever they can.
Raisio is reaping the rewards of buying British snack brand Glisten with a 22 per cent increase in net sales in H1; with a new growth phase now underway, more acquisitions could be on the horizon.
As Danone’s share price continues to fall three days after its half year results were released, the company cites several potential reasons for the dip but insists that health claims uncertainty is not among them.
UK-based start-up Provexis has signed a Letter of Intent with its biggest shareholder, DSM, that will give the nutritional products division of the Dutch company exclusive global rights to Provexis’s tomato extract Fruitflow technology.
Reports of my death have been greatly exaggerated, quipped Mark Twain. Predictions of the demise of Cadbury following the approval of Kraft’s offer are premature and are flawed by knee-jerk anti-Americanism.
Chr Hansen has reported a year of strong growth in 2007/8, putting it in a strong position to expand in the life sciences arena, and in particular health and nutrition.
Rumour, according to the Romans, is a feathered beast with a myriad eyes and tongues. Last week she went bristling through the Danish business pages, spreading the news that Danisco could be bought by a private equity firm.
Norwegian fish oil producer EPAX is to be acquired by compatriot
Austevoll Seafood - a move that will give it a vertically
integrated supply from fishing to omega-3 oil supply and avoid
potential sourcing problems for the future.
Cyanotech has been threatened with being bumped from Nasdaq's
SmallCap market if its share price does not rise above the minimum
$1.00 for 10 consecutive days before the end of May 2006.
Continual productivity improvements are behind Novozymes' solid
performance since it was floated on the stock market in 2000,
according to CEO Steen Riisgaard.
UK natural healthcare firm William Ransom said today that it will
buy Optima Healthcare, the UK market leader in aloe vera brands,
and its Irish subsidiary for £23 million (€34.3m), reports
Dominique Patton.
A public share offering by Malaysian company Hovid this week will
help its subsidiary Carotech, the supplier of palm-derived vitamin
E products, grow its business.
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.
German group Cognis, the supplier of plant sterols and CLA, is
considering the issue of a €500 million bond to fund a dividend
payment to its private equity owners, it said last week.
Management at the Royal Schouten group, parent of soy ingredients
business Acatris, has increased its share in the company under a
new shareholder structure designed to allow it to move more easily
on strategic developments, such...
Australian vitamin and drug maker Lipa Pharmaceuticals plans to
raise A$67 million (€38.2m) from an initial public offering of
shares, which will fund expansion of the company's manufacturing
plant to meet growing customer demand.
Canadian firm Forbes Medi-Tech saw shares jump 10 per cent this
week following the announcement by the European Food Safety Agency
(EFSA) that its cholesterol-lowering ingredient Reducol is safe.
Hawaiian firm Cyanotech has yet again managed to stave off a
delisting from the Nasdaq SmallCap market, meeting requirements for
the bid price of $1 per share for a consecutive 10 days in recent
months.
Dutch nutrition company Royal Numico has completed the sale of its
US vitamin maker Rexall Sundown, leaving it with no shareholders'
equity, said the firm on Friday.
Complementary health products maker Comvita New Zealand said it
plans to be one of the first companies to list on the NZX's new
Alternative Exchange (AX) when it opens in August.
French food group Danone on Thursday extended by two weeks the
deadline on its takeover offer for New Zealand drinks firm Frucor
Beverages Group Ltd , but held firm on the price.
French food company Groupe DANONE announced on Wednesday that it
intends to make a public offer to acquire 100 per cent of the
capital of Frucor Beverages Group Limited, a market leader in the
fast growing energy drink segment in...
