Posts By: businessnewstoday

businessnewstoday November 29, 2017

Arby’s Restaurant Group to acquire Buffalo Wild Wings for $2.9bn

Restaurant industry news : Arby’s Restaurant Group, an Atlanta-based fast casual restaurant chain has agreed to acquire Ohio-based Buffalo Wild Wings, a casual dining restaurant chain for around $2.9 billion. The merger transaction, which will see shareholders of Buffalo Wild Wings get $157 per share in cash, will also include the net debt of the […]

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businessnewstoday November 28, 2017

Fazer Group launches new insect flour bread made from crickets

Bakery industry news : Finnish bakery chain Fazer Group has invented a new hand-baked insect flour bread made from dried and powdered crickets mixed in flour which has been named as Fazer Sirkkaleipa or Fazer Cricket Bread in English. Fazer Cricket Bread has been initially launched across 11 in-store bakeries of Fazer Group in Finland. […]

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businessnewstoday November 28, 2017

Unilever to acquire Sundial Brands, a personal care products manufacturer

Cosmetic industry news : London-based consumers goods company Unilever has agreed to acquire New York-based personal care products manufacturer Sundial Brands for an undisclosed price. Unilever acquisition of Sundial Brands is expected to speed up the growth of the consumer goods giant’s personal care category by covering underserved requirements of multicultural and millennial consumers. Established […]

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businessnewstoday November 27, 2017

Lotte Confectionery to acquire Indian ice cream company Havmor Ice Cream

Food acquisition news : South Korean confectionery company Lotte Confectionery has agreed to acquire Indian ice cream manufacturer Havmor Ice Cream for INR1,020 crore ($157 million). The transaction which will enable $80 billion worth Lotte Confectionery to foray into ice crease business in India is expected to close this week, as per a report in […]

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businessnewstoday November 26, 2017

Uber to go ahead with SoftBank deal, to reveal pricing next week

Transport industry news : Ride hailing company Uber Technologies intends to go forward with a deal that will see Japanese technology conglomerate SoftBank Group Corporation as a major investor, reports Reuters. In this regard, the San Franciso-based local transportation technology company will reveal the pricing next week in formal tender offers to its investors. Uber […]

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businessnewstoday November 26, 2017

Italian energy company Enel to develop 593MW wind power projects in Mexico

Wind industry news : Italian energy company Enel will develop four wind power projects in Mexico that will have a combined power generation capacity of 593MW. The Mexican wind farms were awarded by National Center for Energy Control (CENACE) to Enel Rinnovabile, the renewable energy subsidiary of Enel during the third Mexico electricity auction. Enel […]

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businessnewstoday November 26, 2017

Starwood Capital to acquire Sofitel Budapest Chain Bridge Hotel from Orbis

Hotel acquisition news : US-based global private investment company Starwood Capital Group has agreed to acquire Sofitel Budapest Chain Bridge Hotel, a luxury hotel in Budapest, Hungary from hotel operator Orbis Hotel Group for €75 million. The Sofitel Budapest Chain Bridge Hotel is an eight-storied five star hotel located near the River Danube, Hungarian Parliament […]

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businessnewstoday November 26, 2017

Lithuania’s Maxima Grupe offers to buy Polish retail chain Stokrotka

Retail acquisition news : Lithuanian retail chain Maxima Grupe has offered to acquire 100% of Emperia Holding, the controlling stakeholder and operator of Polish retail chain Stokrotka for nearly PLN1.19 billion (€283 million). The parties have signed an investment agreement and will see Maxima submit a tender for the proposed acquisition. Stokrotka operates 410 stores […]

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businessnewstoday November 25, 2017

Engie to develop 688MW renewable energy projects in Mexico

Energy industry news : French energy giant Engie will develop four renewable energy projects in Mexico that will have a combined power generation capacity of about 688MW with an investment of $580 million. Engie had won the development rights for a wind project and three solar plants during Mexico’s third Long Term Electricity Auction held […]

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businessnewstoday November 25, 2017

Danish Crown subsidiary takes stake in South African foodservice company

Food acquisition news : ESS-Food, a subsidiary of Danish food processing company Danish Crown, has struck an agreement to acquire a stake of 70% in South African foodservice company Overberg Food Distributors. The financial terms of the deal were not disclosed by the parties. Headquartered in Cape Town, Overberg Food Distributors buys, stores, sells and […]

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