Suntory has announced it will acquire all outstanding shares of Beam Inc for US$16 billion. Suntory will pay US$83.50 per share, a 25% premium on Beam's closing price of US$66.97 on 10 January 2014.
Pro Mach has acquired André Zalkin, a leading global capping machinery manufacturer, for an undisclosed sum. Zalkin management and employees will continue to work in the company's French facilities.
Krones has acquired process technology company HST Maschinenbau GmbH. Located in Mecklenburg-Western Pomerania, the company designs and manufactures homogenisers and reciprocating pumps for the food and beverage industries.
Joe Hockey has finally resolved the long-running saga of ADM's takeover bid for GrainCorp.
The bidding war for Warrnambool Cheese & Butter continues, with Murray Goulburn increasing its takeover offer to $9.50 cash per share, or $533 million in total.
Saputo has convinced Warrnambool Cheese and Butter (WCB) to further amend the terms of Saputo's previous offer of $9 cash per share.
Fonterra will acquire the assets of Tasmanian yoghurt producer Tamar Valley Dairy, including its processing equipment, related services, intellectual property and trademark.
Husky Injection Molding Systems has announced it will acquire Swiss closure mould making company Schöttli. Schöttli's shareholders recently reached an agreement to sell the company to Husky.
Bega Cheese's proposed acquisition of Warrnambool Cheese and Butter will not be opposed by the ACCC. The ACCC has reviewed the proposed acquisition at Bega's request following its offer to acquire all shares in WCB.
Saputo has increased its offer to acquire all the shares of Warrnambool Cheese & Butter (WCB) to $8.00 cash per share. The WCB board has once again unanimously recommended that WCB shareholders accept the offer.
Following an offer of $7 cash per share, Warrnambool Cheese and Butter (WCB) has entered into a Bid Implementation Deed with Canadian company Saputo. The WCB Board has unanimously recommended that shareholders accept Saputo's offer.
Plentex Limited has announced plans to acquire Gold Coast company Biovite Australia. Plentex has signed a Non-Binding Letter of Intent to purchase the business.
Warrnambool Cheese and Butter's board of directors has recommended that the company reject Bega Cheese Limited's takeover offer.
Sydney-based company Network Nutrition has joined IMCD Group BV, effective from 1 October. Network Nutrition is a leading distributor of botanical, nutritional and plant enzyme-based raw materials.
If Bega Cheese succeeds with its $319 million offer for Warrnambool Cheese and Butter, the merged company will be one of Australia’s largest listed food companies.