Saturday, 20 September 2014
Last updated 14 hours ago
Aug 12 2013 | 10:09am ET
Private-equity firm CVC Capital Partners is near a deal to buy some of Campbell Soup Co.'s European businesses.
Among the brand-names on the table are France's Liebing and Royco, Germany's Erasco, Sweden's Blå Band, and Belgium's Devos Lemmens and Royco, as well as four plants, Campbell's said. The businesses on the block have annual net sales of more than US$500 million; Campbell's has total sales in excess of US$7.5 billion.
Terms of the deal are unclear. The two sides are holding final negotiations and the agreement is expected to be completed by the end of October.
Not included in the proposed sale are Campbell's export of Pepperidge Farm products or Campbell's products in the U.K., the Middle East and Africa. Campbell's will also hold on to Danish cookie-maker Kelsen Group.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.