Kellogg Co, which makes Corn Flakes and Rice Krispies, is in late-stage talks to buy snack foods company Diamond Foods Inc for more than $1.5 billion, the New York Post reported on Friday, sources told Reuters News.
1 min read · 26 October 2015
U.S. buyout group General Atlantic has agreed to buy a 21.6 percent stake in India's IIFL Wealth Management for 11.2 billion rupees ($173 million), the first private equity investment in the country's fast-growing wealth management business, Reuters News reported.
2 min read · 26 October 2015
Private investment firm Starwood Capital Group has agreed to buy 72 properties from U.S. real estate company Equity Residential (EQR.N) for about $5.37 billion, Reuters News reported.
1 min read · 26 October 2015
Philips (PHG.AS) said on Monday the sale of its $3.3-billion Lumileds business to Go Scale Capital was uncertain, due to U.S. government concerns, Reuters News reported.
1 min read · 26 October 2015
Stremicks Heritage Foods LLC, a U.S. maker and distributor of dairy products, is exploring a sale that it hopes could value it at more than $1 billion, including debt, sources told Reuters News.
1 min read · 26 October 2015
Waterloo-based commercial drone maker Aeryon Labs Inc said it has secured $60 million of financing from a U.S. venture capital firm, putting it on a path to expand and more than double its sales growth over the next two years. The cash infusion came from Summit Partners and is Aeryon's first major round of financing, CEO Dave Kroetsch told Reuters.
2 min read · 23 October 2015
Canadian commercial drone maker Aeryon Labs Inc said on Friday it has secured C$60 million ($45.9 million) of financing from a U.S. venture capital firm, putting it on a path to expand and more than double its sales growth over the next two years.
2 min read · 23 October 2015
State-owned China Huarong Asset Management Co has raised HK$17.8 billion ($2.3 billion) through an initial public offering in Hong Kong after pricing the deal near the bottom of a marketing range, IFR reported late on Thursday.
2 min read · 23 October 2015
TreeHouse Foods Inc (THS.N) is in advanced talks to acquire Ralcorp, the private label business of ConAgra Foods Inc (CAG.N), in a deal that could be valued between $2.5 billion and $2.7 billion, sources told Reuters News.
2 min read · 23 October 2015
Twitter Inc (TWTR.N) Chief Executive and co-founder Jack Dorsey said he is giving a third of his stock in the company, about 1 percent, to the employee equity pool, Reuters News reported.
2 min read · 23 October 2015
