Corporate Operations: Page 346
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Hillshire board nixes Pinnacle deal in anticipation of Tyson takeover
The widely anticipated move doesn't quite end the Hillshire and Pinnacle deal. That's going to take some cash.
By Paul Conley • June 17, 2014 -
After Hillshire loss, Pilgrim's eyes other targets
Pilgrim's CEO said regional chicken operations are likely takeover targets.
By Paul Conley • June 16, 2014 -
Explore the Trendline➔
Courtesy of Instacart
TrendlineTop 5 stories from Food Dive
The food and beverage industry is changing rapidly and the actions companies take this year are likely to play a major role in defining their future.
By Food Dive staff -
China set to become No. 1 in blueberry trade
China's love of the fruit has skyrocketed while land dedicated to production has grown at an exponential rate.
By Paul Conley • June 16, 2014 -
Kroger to build distribution center near Atlanta
The supermarket giant will be the key tenant on land once occupied by Fort Gillem.
By Paul Conley • June 13, 2014 -
ADM reorganizes Asian operations
The grain-processing giant is shifting its Asian headquarters from China to Singapore.
By Paul Conley • June 13, 2014 -
Florida orange crop falls further on citrus greening
The insect-borne disease continues to ravage the state's citrus fruits.
By Paul Conley • June 12, 2014 -
Pinnacle and Hillshire weigh options to undo engagement
Hillshire Brands looks to unravel one deal in order to move forward with another with Tyson Foods.
By Paul Conley • June 12, 2014 -
Remy Cointreau names new CEO
She replaces Thierry Pflanz, who stepped down after just three months at the helm.
By Paul Conley • June 11, 2014 -
Tennessee regulators drop investigation into Diageo
At issue was whether the company's whiskey could be called "Tennessee" whiskey.
By Paul Conley • June 11, 2014 -
Danone to close three European plants
A significant drop in fresh dairy sales prompted the move.
By Paul Conley • June 11, 2014 -
Wall Street thinks Annie's ready to sell
Amid the hoopla surrounding the acquisition of Hillshire Brands, Wall Street is searching for other likely mergers in the food industry.
By Paul Conley • June 10, 2014 -
Country Pure buys Fruitbud Juice
The purchase is the sixth acquisition by fast-growing Country Pure.
By Paul Conley • June 10, 2014 -
Kraft raises prices on Maxwell House, Yuban coffee brands
The move comes as bean prices have soared amid bad weather in Latin America.
By Paul Conley • June 9, 2014 -
Tyson wins battle for Hillshire Brands
Details are few, but reports early this morning put the winning bid at $63 a share.
By Paul Conley • June 9, 2014 -
Dole CEO attends port celebration, complains of slow work
David Murdock used a celebration of his company's time at the port as an opportunity to vent.
By Paul Conley • June 6, 2014 -
Nestle hints at sale of underperforming brands, again
Nestle's CEO suggested his company was losing patience with sub-par brands.
By Paul Conley • June 5, 2014 -
Maple Leaf says it's not for sale as meat-merger fever spreads
The Canadian meat processor has attracted talk of a sale since Hillshire Brands became the focus of a bidding war.
By Paul Conley • June 5, 2014 -
Chinese anti-corruption campaign hits Remy Cointreau profits
The cognac maker said a campaign to reduce corruption in China has caused sales to drop dramatically.
By Paul Conley • June 5, 2014 -
Hillshire agrees to talk with Tyson and Pilgrim's
The meat processor at the center of a full-scale bidding war says it will entertain offers.
By Paul Conley • June 4, 2014 -
As Annie's sales rise, organic wheat costs hurt bottom line
The natural and organic food maker said sales jumped 33%, mostly on a rise in snack purchases.
By Paul Conley • June 4, 2014 -
New association to promote California wines in Asia
The California Wine Association aims to increase sales in Asia for the state's wineries.
By Paul Conley • June 3, 2014 -
McCain Foods rethinks expansion plans
The french fries maker has put a planned $100 million plant expansion on hold.
By Paul Conley • June 3, 2014 -
Sunny Delight brings energy drink to test markets
Unlike many rivals in the energy drink market, SunnyD X is caffeine-free.
By Paul Conley • June 3, 2014 -
Bidding war update: Pilgrim's boosts offer for Hillshire
The poultry processor increased its offer to $55 a share, topping a previous offer from rival Tyson Foods.
By Paul Conley • June 3, 2014 -
Feds indict former COO of Adams Produce
Steven Finberg is the seventh executive to be charged in connection with alleged fraud at the Alabama company.
By Paul Conley • June 2, 2014