(Becel.ca)

Unilever spreads business whets private-equity appetite

Reading Time: 2 minutes London | Reuters — Anglo-Dutch consumer group Unilever has invited private-equity bidders to submit tentative offers for its US$8 billion margarine and spreads business by a deadline of Oct. 19, two sources close to the matter told Reuters. The business includes the brands Stork and Flora, the latter of which is sold under the name […] Read more

(Weetabix.ca)

Four food firms said preparing bids for Weetabix

Reading Time: 2 minutes London | Reuters — The third-biggest U.S. cereal company, Post Holdings, and the U.K.’s Associated British Foods are among a group of four bidders vying for British cereal brand Weetabix, sources familiar with the matter said Friday. The 84-year-old business could fetch at least 1.5 billion pounds (C$2.48 billion), based on a valuation of more […] Read more

(Syngenta.com)

ChemChina said close to striking deal for Syngenta

Reading Time: 3 minutes Reuters — China’s state-owned ChemChina is nearing a deal to buy Swiss seeds and pesticides group Syngenta for around 43 billion Swiss francs (C$59.4 billion), two people familiar with the matter said on Tuesday. The deal, for roughly 470 Swiss francs (C$649) per share, would be the biggest cross-border deal involving a Chinese buyer and […] Read more

(Syngenta.com)

Monsanto’s Syngenta gambit seen hinging on sale of seed businesses

Reading Time: 2 minutes London/Frankfurt | Reuters –– U.S. seeds giant Monsanto is trying to line up buyers for assets worth up to US$8 billion to appease competition authorities before making a fresh takeover approach for Swiss rival Syngenta, possibly within three weeks, industry sources said. Monsanto is expected to tap German chemicals group BASF, an existing joint venture […] Read more

(Syngenta.com)

Monsanto, Syngenta hire advisors on possible takeover

Reading Time: 3 minutes London/Frankfurt | Reuters –– Agricultural companies Monsanto and Syngenta are working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than US$31 billion, three sources familiar with the matter said. Swiss crop chemicals maker Syngenta is working with Goldman Sachs to assess the merits of a […] Read more