• Dec. 14, 2016, 5:10 PM
    Dec. 14, 2016, 5:10 PM | 1 Comment
  • Nov. 8, 2016, 2:58 PM
    • Food stocks are getting gobbled after a report circulates indicating that 3G is prepping for another acquisition.
    • Sources tell Brazil Journal that 3G is raising between $8B and $10B for the new deal.
    • Gainers on the day include Mondelez International (MDLZ +4%), G. Will Food-International <<WILC,>> Kraft Heinz (KHC +2.8%), Pilgrim's Pride (PPC +2.9%), Lifeway Foods (LWAY +1.2%), Pinnacle Foods (PF +0.8%), Tyson Foods (TSN +1.4%), Seneca Foods (SENEB), Campbell Soup (CPB +3.6%), General Mills (GIS +3%), Kellogg (K +2.8%), Flower Foods (FLO +1.4%) and J.M. Smucker (SJM +1.1%).
    • The PowerShares Dynamic Foods & Beverage ETF (NYSEARCA:PBJ) is up 1.93% on the day.
    Nov. 8, 2016, 2:58 PM | 41 Comments
  • Oct. 13, 2016, 6:58 AM
    • Kellogg Company (NYSE:K) announces it acquired Ritmo Investimentos for R$1.38B ($429M). Ritmo is the controlling shareholder of Brazilian food group Parati S/A, Afical Ltda and Pádua Ltda.
    • The acquisition marks the company's largest M&A move ever in Latin America.
    • Parati Group offers a wide range of iconic regional brands, including Parati, Pádua, Minueto, Zoo Cartoon and Hot Cracker biscuits.
    • "With its outstanding portfolio of popular consumer brands, Parati Group is an excellent strategic fit for Kellogg and our business in Latin America," says CEO John Bryant.
    • Source: Press Release
    Oct. 13, 2016, 6:58 AM
  • Jun. 30, 2016, 12:51 PM
    Jun. 30, 2016, 12:51 PM | 16 Comments
  • Oct. 28, 2015, 9:10 AM
    Oct. 28, 2015, 9:10 AM | 5 Comments
  • Oct. 23, 2015, 8:17 AM
    • Kellogg (NYSE:K) is close to acquiring Diamond Foods (NASDAQ:DMND) for somewhere between $35 to $40 a share, sources tell New York Post.
    • Diamond Foods has been the auction block for most of the year.
    • DMND +13.49% premarket to $37.26.
    Oct. 23, 2015, 8:17 AM
  • Sep. 15, 2015, 9:41 AM
    • Kellogg (K -0.2%) announces it will spend $450M to acquire a 50% stake in African distributor Multipro.
    • The company also created a joint venture with Tolaram to develop snacks and breakfast foods to sell in West Africa. A right to acquire a stake in Tolaram Africa Foods is also now held by Kellogg in its back pocket.
    • Global cash and an increased in the issuance of commercial paper will be used to finance the investments in Kellogg's business in Africa.
    Sep. 15, 2015, 9:41 AM
  • Aug. 19, 2015, 11:38 AM
    • Large food companies need to focus on bold M&A and innovation actions over recharging iconic brands, concludes Rabobank in a new report on the sector.
    • A shift in consumer preferences has sparked a need to introduce new brands which are on trend - instead of focusing on "innovation-lite" and product reformulation strategies. Buying promising brands at an earlier stage than normal is seen as a forward-thinking strategy.
    • Related stocks: KHC, MDLZ, PEP, KO, OTCPK:NSRGY, OTCPK:NSRGF, WWAV, HAIN, K, GIS, POST, CPB, PF, THS.
    Aug. 19, 2015, 11:38 AM | 22 Comments
  • Mar. 2, 2015, 7:54 AM
    Mar. 2, 2015, 7:54 AM | 8 Comments
  • Jan. 12, 2015, 3:23 AM
    • After private equity firm Abraaj pulled its offer for Bisco Misr on Dec. 31, the bidding period for the Egyptian biscuitmaker ended Sunday with Kellogg (NYSE:K) as the only suitor.
    • The bidding war between the two drove up the offer price by over 20%.
    • As of yesterday, shareholders controlling 86% of the company have agreed to sell their shares to Kellogg for a total of $125M.
    Jan. 12, 2015, 3:23 AM
  • Dec. 31, 2014, 2:59 AM
    • The UAE's Abraaj Investment Management is pulling out of a bidding war with Kellogg (NYSE:K) for the Egypt's Bisco Misr.
    • Abraaj did not give a reason for its withdrawal from the bidding process, but said the orderly and transparent process had underlined growing investor interest in Egypt.
    • Kellogg was the last to place a bid for the snack maker, offering 89.86 EGP per share - for a total purchase price of $144M.
    Dec. 31, 2014, 2:59 AM
  • Dec. 28, 2014, 11:01 AM
    • Egypt's financial regulator has extended the bidding period for Bisco Misr until Jan. 11, intensifying a $144M takeover battle between Kellogg (NYSE:K) and the UAE's Abraaj Investment Management.
    • Kellogg raised its bid for the Egyptian snack maker on Wednesday to 89.86 EGP per share following an earlier offer of 88.09 from Abraaj.
    • The battle has so far driven up the bid price by more than a fifth from Abraaj's opening gambit of 73.91 EGP/share.
    Dec. 28, 2014, 11:01 AM
  • Dec. 18, 2014, 4:35 AM
    • In the next bidding battle for Bisco Misr, Kellogg (NYSE:K) has raised its bid to 86.36 EGP per share, topping a rival offer from the UAE's Abraaj Investment Management, which increased its previous offer by 2%.
    • Previously: Bisco Misr bidding war continues (Nov. 30 2014)
    Dec. 18, 2014, 4:35 AM
  • Nov. 30, 2014, 9:23 AM
    • Intensifying a bidding war with the UAE's Abraaj Investment Management, Kellogg (NYSE:K) has raised its offer for Egyptian cake and biscuit maker Bisco Misr again.
    • The world's biggest breakfast cereal maker upped its bid to 82.2 EGP ($11.50) per share today, topping Abraaj's previous offer of 80.58 EGP ($11.27).
    • Earlier this month, Abraaj offered 73 EGP per share, which Kellogg countered last week with 79 EGP.
    • Previously: Bisco Misr bidding war heats up
    Nov. 30, 2014, 9:23 AM
  • Nov. 26, 2014, 9:44 AM
    • Abraaj has raised its bid for Bisco Misr to 80.58 EGP per share, announcing a $130M offer for the Egyptian cake and biscuit maker.
    • The UAE investment company's initial bid of 73 EGP per share earlier this month was topped this morning by Kellogg's (K -0.5%) offer of 79 EGP/share.
    • Previously: Kellogg makes offer for Egypt's Bisco Misr
    Nov. 26, 2014, 9:44 AM | 1 Comment
  • Nov. 26, 2014, 6:40 AM
    Nov. 26, 2014, 6:40 AM | 1 Comment