Bayer has raised its bid for Monsanto from $125 per share to $127.50 per share on the condition that a negotiated transaction is secured. The increase will bring its total offer to more than $65 billion – indicating a two percent increase over Bayer’s previously standing bid. In May of this year, Bayer forwarded an […]
Carlyle Group and TPG Capital are partnering with strategic Chinese state-owned companies to position themselves to bid for McDonald’s units in China and Hong Kong. Meanwhile, Carlyle is also positioning to bid on McDonald’s outlets in South Korea. China and Hong Kong Sources revealed to Reuters that the deal for the China and Hong Kong […]
Invenfin, the growth capital subsidiary of diversified investment group Remgro, has acquired a 30 percent stake in Dynamic Commodities, a leading South African producer and exporter of value-added frozen fruit products. In business for 20 years, Coega-based Dynamic Commodities, located outside Port Elizabeth, has a dynamic line of innovative fruit products, including fruit sorbets, cut […]
The U.S. Department of Justice (DOJ) filed a civil antitrust suit in an Illinois federal court to block Deere & Company from moving forward on its acquisition of Precision Planting from Monsanto. Announced in November 2015, John Deere signed an agreement with Monsanto subsidiary The Climate Corporation to acquire the Precision Planting LLC equipment business […]
Agricorp Invest, a unit of Monaco-based Monaco Resources, has acquired a majority stake in Bonum – a Macedonia-based mushroom and vegetable processor for an undisclosed amount. The brownfield investment will be conducted through Agricorp Invest’s wholly owned subsidiary, Agri Food Invest Luxembourg which develops and operates agricultural and food ventures in Africa, Europe, and Asia. […]
As part of Heineken’s plans for global market expansion, the company has acquired a brewery located in Ba Ria Vung Tau province, Vietnam from rival Carlsberg in anticipation of expected growth in the country’s beer market. Bloomberg reports that Vietnam is expected by economists to be one of the world’s fastest growing economies in 2016 […]
San Francisco-based private equity firm, TSG Consumer Partners announced it has agreed to acquire Duckhorn Wine Company (DWC) from GI Partners for an undisclosed amount. “Duckhorn Wine Company is one of the most respected wine portfolios in the world,” said TSG President Jamie O’Hara in a recent statement. “Duckhorn boasts six wineries that are all […]
Canada’s Agrium Inc. and Potash Corp. confirmed that they are engaged in talks regarding a merger of equals that would create an agribusiness giant valued at more than C$30 billion. Although both companies have made official statements that no decision has been made and no agreement has been reached as of yet, Bloomberg News reports […]
Gina Rinehart, Australia’s richest woman, is partnering with China’s Shanghai CRED Real Estate as she positions to make an expected $300 million bid for the S. Kidman & Co. cattle conglomerate. Shanghai CRED was an original player in the three-way partnership with Shanghai Pengxin and Australian Rural Capital, whose bids for S. Kidman were twice rejected […]
The largest producer of king salmon in the world, New Zealand King Salmon, has announced its intention for a $30 million initial public offering (IPO) on both the New Zealand and Australian stock exchanges (NZX, ASX). Under the terms of the listing, a priority listing of $1 million of shares will be made open to […]
