GFM Network News

Post tucks into British breakfast cereal Weetabix

Reading Time: 3 minutes London/Shanghai/New York | Reuters — Post Holdings is buying leading British breakfast cereal brand Weetabix from China’s Bright Food Group for 1.4 billion pounds (C$2.4 billion), giving the U.S.-focused company a European base on which to build. The combination will help Post’s existing brands, which include Honey Bunches of Oats and Grape-Nuts, to expand overseas, […] Read more

Tim Hortons owner reported near deal to buy Popeyes

Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of the Burger King and Tim Hortons fast food chains, is nearing a deal to acquire Popeyes Louisiana Kitchen, people familiar with the matter said Monday. The deal, which will likely value Popeyes at more than US$1.7 billion, is a bet by Oakville, Ont.-based Restaurant Brands that it can […] Read more

Austere empire-building weighs on Kraft’s Unilever bid

Reading Time: 3 minutes Reuters — Buyout firm 3G Capital managed to build a consumer empire with a market value of over US$140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz’s US$143 billion bid for Unilever Plc. 3G made its name in corporate America by orchestrating large debt-laden acquisitions […] Read more

Couche-Tard reported in lead to buy Corner Store chain

Reading Time: < 1 minute New York | Reuters –– Convenience store operator Alimentation Couche-Tard is in the lead to acquire U.S.-based convenience store retailer CST Brands, according to two sources familiar with the matter. San Antonio-based CST owns and operates convenience stores and gas stations in Canada and the U.S., and it controls the general partner of gas station […] Read more

SunOpta pressured by shareholders after sluggish sales

Reading Time: 2 minutes Reuters – Canadian organic food company SunOpta Inc, already under pressure from U.S. hedge fund Tourbillon Capital Partners LP, is being prodded by a second activist shareholder to explore the sale of all or part of the company, according to sources familiar with the matter. Canadian hedge fund West Face Capital, which pushed SNC-Lavalin to sell […] Read more

Tomato producer Mastronardi said seeking buyer

Reading Time: < 1 minute Reuters — Mastronardi Produce, an Ontario grower and distributor of hothouse tomatoes, peppers and cucumbers, is exploring a sale it hopes could value it at as much as $900 million, including debt, according to people familiar with the matter. Privately-held Mastronardi has hired Bank of Montreal (BMO) to run an auction process, the people said […] Read more